Crypto payments company Ripple is seeking a virtual asset service provider license from the Irish regulator as it expands its operations in Europe, according to CNBC. The U.S.-based company is involved in a dispute with the Securities and Exchange Commission that is driving the company to look for business abroad. “Effectively, Ripple is operating outside of the U.S.,” Alderoty said in the report. The SEC filed a lawsuit against Ripple in 2020 alleging that the sale of its XRP tokens counted as unregistered securities worth $1.3 billion. Ripple’s head of public policy, Susan Friedman, recently told The Block that they are in the process of filing a reply brief to summary judgment and are expecting a ruling in 2023. Ireland granted the currently troubled Gemini exchange a virtual asset service provider license in October.
