Important Statements from Ripple CEO about the XRP Case and SEC!

SEC with Ripple starting between XRP The case has been ongoing since 2020. Although Ripple achieved a partial victory against the SEC in July 2023, the final decision has not been announced yet.

While the market and investors are wondering about the outcome of the Ripple-SEC case, Ripple CEO Brad Garlinghouse He made important statements at the Davos event.

Speaking to CNBC Ripple CEO stated that the SEC is a hostile regulator to the cryptocurrency industry and said that they have suspended Ripple’s IPO plans in the USA for now.

Criticizing the SEC’s attitude towards companies in the crypto sector, Garlinghouse stated that the company is in no rush for public offering plans in the USA and that they prefer markets outside the USA for now.

“Ripple is looking at ‘other jurisdictions with clear rules’ to go public.

Due to the actions of the SEC, Ripple has not yet gone public in the US and has put those plans on hold for now.

We are in no rush to go public in the US. As long as there is a regulator in the US who approves S-1s but is very hostile, trying to explain it to the public doesn’t sound like much fun to me.

Because Coinbase’s S-1 was clearly approved. And now the SEC is suing Coinbase for doing the things outlined in the S-1.”

Brad Garlinghouse reiterated his statements that the SEC chairman will change, saying that only after a new chairman comes to the SEC, his company Ripple may reconsider going public in the USA.

“Ripple continues to keep its IPO option open and will re-evaluate as time progresses. This will happen when the new president comes to the SEC.

Because going public in the US is no longer a priority for Ripple.”

Ripple’s CEO recently confirmed that the company has bought back $1 billion worth of shares, saying it has been providing liquidity to investors interested in Ripple since its inception 12 years ago.