If Ripple’s largest shareholder has its way, then an IPO for the XRP parent is already a done deal.
“We will not be the first and also not the last” – this is how Ripple CEO Brad Garlinghouse said at the 2020 world economic summit on the subject of the IPO. Admittedly, the Californian FinTech was not yet in a clinch with the US Securities and Exchange Commission. Because if the authorities have their way, Ripple has already brought a security to the people with XRP. At the end of 2020, the SEC filed a lawsuit against Ripple, CEO Garlinghouse and co-founder Chris Larsen.
The negotiation with the SEC is apparently the last hurdle Ripple has to take before FinTech goes public. At least that’s what Yoshitaka Kitao, head of the FinTech conglomerate SBI Group, Ripple’s largest external shareholder, claims.
After the current legal battle, Ripple will go public. The current CEO wants to do that. Chris would like to do this
Kitao showed up at the presentation SBI’s quarterly figures on April 28th are convincing.
Frustrating: Garlinghouse criticizes US regulation
Two days later, Brad Garlinghouse vented his frustration with US crypto regulation on US television. In the CNBC-Show Squawk box praised Garlinghouse Singapore and Japan for the clear set of rules by which crypto companies in these countries could orient themselves. On this occasion, the Ripple boss attested that the USA had a lot of catching up to do: “Ironically, they did not achieve the same level of clarity here in the United States. It’s the only country on the planet that has said XRP is something other than a currency. “
Ripple course (XRP) switches to rally mode
The XRP course has been in bull mode since the beginning of the week. At press time, XRP has broken the $ 1.6 mark. In a direct 7-day comparison, the price rose by a strong 47 percent.
With a daily plus of 16 percent, XRP will again print the greenest candles of all the top 10 coins on April 30th. This is also reflected in the Bitcoin dominance, which is currently at its lowest level in a long time.