Ripple to Go Public After the SEC Lawsuit, Confirms CEO
Ripple Labs plans to go public after clearing the SEC lawsuit, confirmed Brad Garlinghouse, CEO of the US-based payment processor company.
Ripple to Go Public: Confirms CEO
Ripple had plans to become a publicly-traded company back in 2020 but the SEC’s allegations that the US-based company had conducted an unregistered security offering somehow delayed the action. However, Ripple still plans to go public after the lawsuit ends, as confirmed by Brad Garlinghouse, the CEO of Ripple himself in Consensus 2021.
Meanwhile, while confirming the company’s plans to launch the company’s IPO, Garlinghouse also mentioned that being in the middle of a Security Exchange Commission’s lawsuit is a significant obstacle for the company.
Before the confirmation by the CEO himself, Yoshitaka Kitao, the CEO of SBI Holdings Inc., mentioned the plans of Ripple Labs to go public after the SEC lawsuit concludes in a statement.
Garlinghouse: XRP Not Inflationary, Unlike BTC and ETH
In an interview with CNBC, Garlinghouse claimed the significant benefits of XRP tokens over BTC and ETH. While claiming that XRP has no high carbon footprint issues like BTC, he addressed that transfers with Ripple’s native digital asset are faster as well as cheaper.
He also said “all of the XRP that has ever been created has already been created, so it’s zero inflation dynamics”, insisting upon the fact that BTC has a maximum supply of 21 million coins but not all of them are mined yet, therefore making it inflationary. There is no such case with XRP as all of the tokens are already mined.
