- Ripple may consider an IPO once its ethical fight with the EC finally ends.
- Ripple CEO highlights strong financial stability, delaying any immediate need for a public listing.
- Recent XRP token movements spark speculation about Ripple’s future strategic decisions.
The firm is again in the spotlight as SBI Holdings CEO Yoshitaka Kitao urged the company to prepare for an IPO once its disciplinary conflict with the SEC ends.
SBI CEO Pushes Ripple Toward IPO Planning
Yoshitaka Kitao, CEO of SBI Group, believes Ripple should focus on IPO preparations after resolving its case with the SEC. The SEC filed the dispute in 2020, claiming Ripple sold XRP coins as unregistered securities in violation of U.S. law.
Ripple achieved some progress in 2023 when a judicial panel decided XRP secondary sales were not securities. However, the SEC appealed in October, delaying the outcome further. Some experts believe the appeal might not continue, especially if there are leadership changes at the SEC.
Ripple’s relationship with SBI Holdings has grown since their partnership began in 2017. SBI has been a strong supporter of Ripple’s blockchain innovations. Yoshitaka Kitao joined Ripple’s board in 2019, signaling his deep confidence in Ripple’s payment solutions.
Garlinghouse Comments on Ripple’s IPO Readiness
CEO Brad Garlinghouse said the company might pursue an IPO but added that it is not an urgent goal. The existing solid financial health gives it the ability to operate effectively without needing to raise funds through public markets.
U.S. regulatory uncertainties have made IPO plans difficult to pursue, and Ripple’s ongoing SEC case continues to influence its decisions. Ripple has looked into the possibility of listing overseas, but those plans are currently on hold.
Garlinghouse stated earlier that Ripple could discuss IPO plans again after its legal situation is resolved. Market analysts believe going public could strengthen Ripple’s position significantly once the legal case is behind them.
XRP Movements Add to Ripple Speculations
Ripple co-founder Arthur Britto moved 80 million XRP tokens recently, leading to questions about possible plans for the future. Out of the total, 10 million XRP coins were sent to Binance, causing speculation about what the company might do next.
These developments, combined with the firm’s focus on resolving its case, have raised questions about how its tactics could change.
The post Ripple IPO Sparks Interest Amid a continuing SEC Legal Case appeared first on Crypto News Land.
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