Ripple CEO Envisions IPO as U.S. Regulations Shift in Favor of Crypto
Ripple CEO Brad Garlinghouse has expressed optimism about a potential regulatory shift in the U.S., fueled by comments from former President Donald Trump.
Trump recently announced his intention to replace SEC Chair Gary Gensler if reelected, a move welcomed by the crypto community. “We finally have a crypto president … It’s a totally new day,” Garlinghouse said, hinting at reduced regulatory constraints for the industry.
Ripple’s ongoing legal battle with the SEC continues to shape its trajectory. While a federal court ruled in July 2023 that XRP is not a security, Ripple faced penalties for institutional sales of XRP, with the SEC’s appeal still looming. Meanwhile, SBI Holdings CEO Yoshitaka Kitao has urged Ripple to prepare for an IPO once the SEC dispute is resolved, reflecting the company’s growing ambitions as XRP rises to the sixth-largest cryptocurrency by market cap. Despite challenges, Ripple remains financially strong, with Garlinghouse emphasizing patience amid regulatory uncertainty.
Clever Robot News Desk 18th November 2024
