CJ - Cryptocurrency Expert
Ripple Labs Inc. is focusing on the future despite being involved in a legal dispute with the US Securities and Exchange Commission (SEC).
In an interview with CNBC, Ripple's CEO, Brad Garlinghouse, disclosed that the business is considering conducting an Initial Public Offering (IPO) in the United States after the resolution of the company's case with the SEC. At the World Economic Forum, Garlinghouse stated, "I think we want to have consistency and clarity in the United States with the US SEC." The SEC has already stifled the process, so I'm hopeful they won't do so further.
The SEC and Ripple Labs Inc. have been involved in the litigation for a year, and Garlinhouse is concerned that it is impeding the company's progress toward becoming public. These ideas have been under development for quite some time.
Even while Garlinghouse is confident that the legal battle with the SEC will eventually be resolved, many observers believe the firm's goal of an IPO is excessively ambitious given the generally bleak market climate. Unfortunately for Garlinhouse, the court has granted the SEC's request for an extension of time to file an opposition to amici's petition to join in the expert challenge, thus the case may last longer than he had anticipated.
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