Chair

<p>The post <a href="https://coinpedia.org/news/ripple-ceo-considering-ipo-outside-of-u-s-until-gensler-is-in-chair-position/" rel="noopener noreferrer nofollow">Ripple CEO Considering IPO Outside OF U.S. Until Gensler Is In Chair Position</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p><p>The legal battle between Ripple and the SEC has intensified as Ripple seeks to keep its financial data confidential amidst the SEC’s pursuit of $2 billion in penalties related to Ripple’s XRP sales.</p><p>Amidst of this Ripple CEO Brad <a href="https://coinpedia.org/news/ripple-vs-sec-brad-garlinghouse-is-bullish-on-ripples-win-in-xrp-lawsuit/" rel="noopener noreferrer nofollow">Garlinghouse drops hints</a> about considering overseas jurisdictions for a potential Initial Public Offering (IPO) during an interview at the 2024 Consensus Event. He argues that given the current regulatory climate, a U.S. IPO doesn’t make any sense.</p><h2 class="wp-block-heading" id="h-ripple-ipo-makes-no-sense-in-u-s">Ripple IPO Makes No Sense In U.S.</h2><p>When asked about the listing of Ripple IPO at the 2024 Consensus conference, Garlinghouse mentioned that an initial public offering (IPO) is <a href="https://x.com/DROPZXRP/status/1796630592315928727" rel="noopener noreferrer nofollow">not a priority for Ripple</a> at the moment, citing the U.S. SEC’s leadership under Chairman Gary Gensler as a significant obstacle.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley"> BRAD GARLINGHOUSE ON A FUTURE <a href="https://twitter.com/hashtag/IPO?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IPO</a><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley"> "IT´S NOT ON OUR IMMEDIATE TERM AGENDA." <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley"> "LYNN MARTIN (PRESIDENT OF <a href="https://twitter.com/hashtag/NYSE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#NYSE</a>) I THINK IS A PROGRESSIVE EXAMPLE OF WHERE WE SHOULD BE – THAT´S NOT WHERE <a href="https://twitter.com/hashtag/GENSLER?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GENSLER</a> IS." <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley"> "WE´VE LOOKED AT, YOU KNOW, WHEN WE CONSIDER GOING PUBLIC OUTSIDE THE… <a href="https://t.co/AmZzbqaD5I" rel="noopener noreferrer nofollow">https://t.co/AmZzbqaD5I</a><a href="https://t.co/PnsMB1LYUw" rel="noopener noreferrer nofollow">pic.twitter.com/PnsMB1LYUw</a></p>— XRP DROPZ (@DROPZXRP) <a href="https://twitter.com/DROPZXRP/status/1796630592315928727?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a></blockquote></div></figure><p>He pointed out that Ripple’s S-1 registration statement for an IPO needs SEC approval, but he doubts a favorable outcome. Even he criticized Gensler’s position, stating that it does not support a progressive outlook.&nbsp;</p><p>Consequently, Garlinghouse concluded that pursuing a U.S. IPO is not sensible for Ripple under the current circumstances, saying, “Going public in the United States for Ripple right now doesn’t make any sense.”</p><h2 class="wp-block-heading" id="h-expected-xrp-price-after-ripple-ipo">Expected XRP Price After Ripple IPO</h2><p>Recent data from <a href="https://app.linqto.com/products/ripple" rel="noopener noreferrer nofollow">Linqto indicates</a> that Ripple’s pre-IPO shares are currently trading at $50.69, significantly higher than last year’s $35. This represents a 1,242% increase in Ripple’s valuation. Such a substantial rise could positively impact the price of XRP, although there is little historical data to accurately predict the scale of this impact.&nbsp;</p><p>As of now, XRP is <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">trading at $0.52</a> after a recent drop. If XRP’s price were to increase by the same 1,242% as Ripple’s shares, it would reach $6.63.</p><h2 class="wp-block-heading" id="h-xrp-etf-on-the-line">XRP ETF On The Line</h2><p>Furthermore, Brad Garlinghouse states that with the approval of the spot Ethereum ETF he believes the market is headed toward a staggering $5 trillion valuation.&nbsp;</p><p>Although, he <a href="https://coinpedia.org/news/ripple-ceo-predicts-inevitable-approval-of-xrp-sol-ada-crypto-etfs/" rel="noopener noreferrer nofollow">confidently stated</a> that the emergence of XRP, SOL, and other cryptocurrency Exchange-Traded Funds (ETFs) is not a question of if, but when.</p><h3 class="wp-block-heading" id="h-key-development-in-the-ripple-ecosystem-nbsp">Key Development In the Ripple Ecosystem&nbsp;</h3><p>Beyond discussing ETFs, Garlinghouse also revealed Ripple’s plans for institutional DeFi development. This initiative aims to introduce multi-purpose tokens, further expanding the utility and versatility of the Ripple ecosystem.&nbsp;</p><p>In doing so, Ripple seeks to position itself at the forefront of innovation within the cryptocurrency industry.</p>

Ripple CEO Considering IPO Outside OF U.S. Until Gensler Is In Chair Position

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