General Counsel at Ripple Untimely Exits Remittance Payment Blockchain Company
Ripple’s General Counsel Exits Company, Spokesperson Affirms
Brynly Llyr, a general counsel of Ripple, has left the company this week according to a spokesperson. He joined the company in 2016 as a legal officer and stayed with the team for two years and a half. While there was no public reason for the departure, this spokesperson affirmed that it was a mutual decision from the two parties.
On the statement to the media, the spokesperson has affirmed that everybody at the company was grateful for what Llyr did and that they would continue to be focused on the work. They wished her the best and believed that she would continue her career elsewhere.
Before she joined Ripple as the top legal officer, Brynly Llyr was an adviser to many fintech companies and led litigation teams on matters like commercial deals, intellectual property and other similar legal actions, according to her biography in the company.
She had years of practice before she arrived on Ripple and arrived on the company at a troubled time in which Ripple received many lawsuits from disgruntled investors.
The main issue of Ripple at the moment is that many investors are trying to prove that XRP is, in fact, a security instead of a utility token. Many investors have already sued the company and claimed that Ripple has responsibility on the price drop that happened over the last year.
Ripple has been facing a tough battle since then and has brought some experts to deal with the problem like Mary Jo White, a former SEC chair. The company already has some victories in court and dismissed some cases, but the legal battles are still far from over at the moment.