Ripple's chief magistrate resigns after two years

Brynly Llyr, Chief Judiciary of Ripple, has resigned from his position since November 2016, according to a Quartz report of 7 September.

The American technology company has confirmed to Quartz that Llyr is no longer employed at the company. A rippled spokesperson explains:

"We are grateful to have built such a great team, we wish Brynly all the best of her future journey, when Ripple starts a new chapter where we want to continue paving the way in a constantly evolving field. . "

Prior to joining Ripple, Llyr was nearly four years old at the eBay auction house as the general manager of the legal department. In 2015, she joined Paypal Holdings and became principal director, business and technology director, according to Yahoo! Finance.

Llyr's resignation comes at a time when Ripple finds himself in the middle of a lawsuit that involves him if XRP, the company's token, is considered a security. Investigator Ryan Coffey filed a lawsuit against the company in May.

The case concerns Ripple, daughter XRP II, and Ripple CEO Brad Garlinghouse, claiming that the sale of XRP tokens was against the United States The purple securities law. Coffey claims to have lost $ 551.89 in XRP tokens, as well as saying that XRP is not really decentralized.

The Northern California District Court rejected a motion to defer the accused in custody to take. The verdict stated: "The parties openly acknowledge that they have not resolved the matter directly, and the court's investigation has not improved either."

XRP is the third largest cryptocurrency with a market capitalization of about US $ 11.6 billion, according to CoinMarketCap. At the time of writing, the token was $ 0.29, which is a minus 3% for the day.

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