Ripple CEO Brad Garlinghouse announced that he is looking for ways to offer the company to the public (IPO) following the conclusion of the lawsuit filed by the US Securities and Exchange Commission.
Ripple CEO Brad Garlinghouse told CNBC on May 25, “I am exploring ways to go public with Ripple if the SEC lawsuit is settled.” made statements.
The U.S. Securities and Exchange Commission states that XRP is a security and Ripple is for illegally selling securities about both Ripple and the company’s CEO, Garlinghouse, and co-founder Chris Larsen. case 15 months ago had opened.
Stating that the SEC has slowed the case many times, Garlinghouse said, “The SEC’s the case more I hope it doesn’t slow it down.” said. In his statements a few weeks ago, the CEO said that the litigation process was going well compared to the beginning.
In addition, Garlinghouse stated that the company continues to grow as a payment system and last year 1 billion dollars transfer this year 8 billion dollars announced that it has arrived.
XRP, Ripple’s native token, which was established to create a cross-border payment network, is the most valuable according to CoinMarketCap’s ranking. 6. cryptocurrency exists as.
The end with the collapse of Terra Close to 40% in 30 days depreciating Ripple’s native token XRP, at the time of writing from $0.405 is being traded.