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A high lawyer at the start of cryptocurrency Ripple left the company, a spokesperson confirmed to CCN on Friday 19659003 Brynly Llyr, who joined the blockchain company of San Francisco in November 2016 as general counselor of the study and has held this role in the next two years, he is no longer with the organization. Llyr's departure from Ripple was reported for the first time by Quartz.
In a statement, a Ripple spokesperson confirmed the move and said that the blockchain firm was "grateful" for his work at the company.
"We can confirm that Brynly Llyr has moved from Ripple We are grateful for all he has done to help build an incredible team that will continue the work they have been focusing on for the past year and beyond. Brynly all the best in his next engagement and the team here at Ripple looks forward to the next chapter where we will continue to pave the way in this ever-changing and unexplored area. "
Previously, he had managed" class "contentious "Action and complex litigation" for eBay and also spent time on PayPal after it was spun off from the e-commerce giant, according to its LinkedIn profile.
Llyr's departure comes when Ripple prepares to defend against a variety of legal classifications that claim that the XRP cryptocurrency – whose majority owner is Ripple – should be regulated as a security and that the distribution of XRP by the 39; enterprise (often referred to as "ripple") constitutes an illegal offer of securities.
The spokesman did not respond to an inquiry into the fact that Llyr's departure would have had no impact on that legal battle. However, as reported by Hacked in July, the company has taken a heavy weight to oversee the case where XRP is not a security: Mary Jo White, the former president of the Securities and Exchange Commission (SEC), an agency that determines whether an asset should be regulated as a security by the federal government.
Ripple, for his part, has long denied that XRP is a security. The SEC, meanwhile, has not publicly commented on the matter, although officials have stated that bitcoin and ethereum – the only two cryptocurrencies with higher circulating ratings than XRP – should not be classified as securities under current US legislation .
Close-up image of Shutterstock
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