CEO Brad Garlinghouse Confirms Ripple Intends To Go Public Following the SEC Lawsuit

0
9


The United States-based blockchain cross border remittance services provider Ripple has already revealed that it has plans to go public. However, it has not been able to do so due to its current legal fight with the independent agency of the United States Securities and Exchange Commission (SEC). However, now the senior executive of the company has revealed that the company is planning on going public after the lawsuit battle with the SEC.

Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple recently appeared at Consensus 2021 where he talked about the futuristic plans of the blockchain payments giant. He confirmed in one of his statements that the company’s plans of going public are still imminent and that the firm will soon act upon them.

According to him, as soon as the lawsuit battle between the SEC and Ripple Labs ends, the company will move forward towards becoming an publicly listed firm. While talking about this, he stated that firm initially looked into various options that it could choose for doing this at the beginning of the last year. However, he said that the allegations imposed by the SEC caused a delay in this process.

But now the company is waiting for the lawsuit to end and then it will once again start acting upon the plans of becoming a publicly listed company. The lawsuit war between these two entities is still going on and it doesn’t seem to be ending soon as it seems apparently at the moment.

XRP Is Not Inflationary Says Brad Garlinghouse

Brad Garlinghouse also appeared in another interview where he shared his thoughts regarding the inclusion of Ripple in the list of top 50 disruptors companies.

In that interview, he claimed that XRP, the native cryptocurrency of Ripple is not inflationary unlike the world’s two biggest digital currencies Bitcoin and Ether.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here