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The CEO of Ripple expects that Ripple will be released to the public

The CEO of Ripple expects that Ripple will be released to the public

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Answer The CEO of Ripple expects that Ripple will be released to the public

in an interview I recently interviewed him, telling Ripple CEO Brad Garlinghouse that the San Francisco-based Ripple would go public in the future. His statement read:

I think the future of Ripple in the end is that it will be a public company.

So far, the IPO has not been a priority for the company, which is locked in an uphill legal battle with the US Securities and Exchange Commission (SEC).

Garlinghouse reiterated that Ripple is waiting for the landmark issue to be resolved in order to move forward with its IPO plans.

The company has again accused the SEC of being slow, claiming that the regulator continues to try to delay the litigation process.

Read:Animoca warns of fraudulent digital currency impersonating its name, available on Uniswap

As we mentioned in the Arab Bitcoin in previous articles, the deadline for discovering the merits of the case and exposure to experts has been extended to late February at the request of both parties.

In January 2020, Garlinghouse told The Wall Street Journal that Ripple could become public within 12 months.

Then the lawsuit from the Securities and Exchange Commission (SEC) caused aches and pains in the company’s IPO ambitions.

Coinbase, the leading American cryptocurrency trading platform, grabbed the spotlight with its public and widespread appearance in April 2021.

While regulatory problems made it difficult for Ripple to do business in the United States, the company’s business abroad continued to thrive.

Ripple’s valuation has now reached $15 billion after a share buyback.

Garlinghouse has stated in recent days that Ripple is in a great position at the start of 2022.

He is also feeling incredibly optimistic about the broader cryptocurrency industry despite the ongoing correction in the cryptocurrency market so far.

Read:How do you recognize fraudulent projects in the cryptocurrency world?

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