Ripple Plans to Go Public After SEC Lawsuit Over XRP Is Resolved, CEO Says

Ripple Plans to Go Public After SEC Lawsuit Over XRP Is Resolved, CEO Says
фото показано с : news.bitcoin.com

2021-5-29 04:30

Ripple could go public after the SEC lawsuit is resolved, according to CEO Brad Garlinghouse. He reportedly explained that the likelihood of this happening is “very high at some point.”

Ripple CEO Brad Garlinghouse was asked at the Consensus 2021 conference on Wednesday whether Ripple will become a public company. He replied that the likelihood is “very high at some point.” Garlinghouse stressed that any initial public offering (IPO) plans would have to wait until Ripple resolves its lawsuit with the U.S. Securities and Exchange Commission (SEC). He further pointed out that the securities regulator will be the one approving Ripple’s public offering after all. This was not the first time the media has reported about Ripple potentially going public. On an earnings call last month, the CEO of one of Ripple’s largest outside shareholders, SBI Holdings, said that Ripple planned to go public after the lawsuit was resolved. SBI’s CEO, Yoshitaka Kitao, reportedly said: “After the current lawsuit, Ripple will go public. The current CEO wants to do that. Chris wants to do that.”

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The SEC filed a lawsuit against Ripple Labs, Garlinghouse, and co-founder Christian Larsen in December last year alleging that XRP was a $1.3 billion unregistered securities offering. Ripple argued that the XRP token is a commodity and therefore does not fall under the SEC’s purview.

What do you think about Ripple going public after the SEC lawsuit is resolved? Let us know in the comments section below.

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ripple public ceo brad resolved garlinghouse likelihood

Источник: news.bitcoin.com

ripple public → Результатов: 112


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Our Statement On Recent Market Participant Activity

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Ripple-Backed Platform Flare Set To Revolutionize The XRP Ecosystem With Smart Contracts

Ripple’s associate, Flare Networks, has recently launched a public test network known as Coston. This test network is a huge step toward enabling smart contract functionality on the XRP ledger. Enabling Smart Contracts On The XRP Ledger Smart contracts were first proposed by computer scientist Nick Szabo back in 1996. Over the years, the concept […]

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Over the past few years, a class-action lawsuit has been building against Ripple Labs, the San Francisco-based fintech company that is known in crypto for its involvement in XRP. Unfortunately for the upstart, it was unable to get the case thrown out by the federal judge, potentially threatening its intent to go public through the […] The post Ripple’s battle in court over XRP isn’t done yet, threatening its IPO plans appeared first on CryptoSlate.

2020-2-28 16:10


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This week, Brad Garlinghouse — chief executive of Ripple Labs in San Francisco — made a massive announcement at a Wall Street Journal event in Davos, Switzerland at the World Economic Forum. The industry executive told a crowd at the event that he intends to bring Ripple public in the coming years, adding that he... The post appeared first on NewsBTC.

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2020: The Year of the Digital Asset

Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a … Continued The post 2020: The Year of the Digital Asset appeared first on Ripple.

2019-12-21 01:14


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Brad Garlinghouse, the CEO of Ripple, recently has been making numerous public appearances in order to fill in the general public about Ripple’s position in driving the crypto adoption. In this latest interview with the Economic Club Of New York, Garlinghouse explained that cryptocurrency  is still at its ’emerging’ stage.

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