Ripple CEO is eyeing IPO abroad until Gensler becomes chairman

The ongoing legal feud between Ripple and the SEC has reached a boiling point, as Ripple fights tooth and nail to keep their financial information under wraps while the SEC pushes for a staggering $2 billion in fines over their XRP sales.

Tensions are high as Ripple CEO Brad Garlinghouse recently dropped some tantalizing hints during a riveting interview at the 2024 Consensus Event. In a bold move, Garlinghouse hinted at the possibility of taking Ripple’s Initial Public Offering (IPO) overseas, citing the stifling regulatory environment in the United States.

Ripple IPO Makes No Sense In U.S.

At the highly anticipated 2024 Consensus conference, attendees eagerly awaited Ripple CEO Brad Garlinghouse’s thoughts on the potential IPO for the company. The room fell silent as he revealed that an initial public offering was not currently on the table for Ripple.

He cited the formidable challenge of navigating the U.S. SEC, now under the leadership of Chairman Gary Gensler, as a major roadblock. The audience was left buzzing with speculation about what this could mean for the future of Ripple.

Amidst the buzz surrounding Ripple’s potential IPO, all eyes are on the Securities and Exchange Commission for their approval. However, doubts linger as one industry expert voices his skepticism. In a bold move, he even called out the SEC Chairman’s stance, deeming it regressive.

As tensions rise, Ripple’s CEO Brad Garlinghouse delivers a resounding verdict – a U.S. IPO is simply not feasible for Ripple at this time. In his own words, “The current climate does not favor a public offering in the United States for Ripple.”

Expected XRP Price After Ripple IPO

Breaking news from Linqto reveals that Ripple’s pre-IPO shares are soaring at a jaw-dropping $50.69, a whopping 1,242% increase from last year’s $35.

This meteoric rise in Ripple’s value has the potential to send shockwaves through the cryptocurrency market, particularly for its native coin XRP.

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With little historical data to guide us, the question on everyone’s mind is: will XRP follow in Ripple’s footsteps and skyrocket to $6.63? Currently trading at $0.52 after a slight dip, the possibilities are endless.

XRP ETF On The Line

According to Brad Garlinghouse, the crypto market is about to hit a mind-blowing $5 trillion valuation. And that’s not all – the CEO boldly predicts that the approval of a spot Ethereum ETF is just the beginning. Brace yourself for the inevitable arrival of XRP, SOL, and other cryptocurrency Exchange-Traded Funds (ETFs) – it’s not a matter of if, but when.

Key Development In the Ripple Ecosystem

Ripple’s Exciting Plans for Institutional DeFi Development Revealed by Garlinghouse. Brace yourself for the introduction of multi-purpose tokens, set to revolutionize the already dynamic Ripple ecosystem. With this bold move, Ripple solidifies its position as a pioneer in the ever-evolving world of cryptocurrency.

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