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The prospects of Ripple Labs filing for an initial public offering have been discussed at large throughout the past couple of years.
Brad Garlinghouse, the company’s chief executive officer, spoke today at a fireside chat at Korea Blockchain Week, which is currently held in Seoul.
<h2 id="ripple-ipo-in-the-us">Ripple IPO in the US?</h2>
Speaking at the conference, Garlinghouse discussed several topics, including the prospects of an initial public offering (IPO) in the United States.
When asked about it, the CEO said that they are not currently interested in going public in the country. This is mostly because of the US Securities and Exchange Commission’s stance towards the entire industry, not just Ripple.
He went so far as to say that he advises people against incorporating their companies there because, otherwise, they “are just asking for more legal bills.”
<blockquote class="twitter-tweet">
 JUST IN: Speaking at <a href="https://twitter.com/hashtag/KBW2024?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#KBW2024</a>, the CEO of Ripple, Brad Garlinghouse, said that he has ‘no interest’ in an IPO in the US. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> <a href="https://t.co/fDvx3hChC5" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fDvx3hChC5</a>
 — CryptoPotato Official (@Crypto_Potato) <a href="https://twitter.com/Crypto_Potato/status/1831223784969228487?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Recall that the US SEC has filed a massive multi-billion dollar lawsuit against Ripple, alleging that the company has conducted unregistered offerings of securities. Essentially, the Commission argues that its native cryptocurrency – XRP – should fall under the purview of securities regulations.
Recently, however, US Judge Analisa Torres <a href="https://cryptopotato.com/ripple-fined-125m-in-lawsuit-against-sec-xrp-price-soars-20-immediately/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ruled</a> partially against the SEC, reducing its claimed fine by more than 90% to around $125 million, maintaining her previous ruling that XRP offered on secondary exchanges is not a security.
<h2 id="ripple-stablecoin-incoming">Ripple Stablecoin Incoming</h2>
As&nbsp;CryptoPotato&nbsp;reported earlier in August, the company is also <a href="https://cryptopotato.com/fundamental-ripple-xrp-update-native-stablecoin-development-progress/" data-wpel-link="internal" rel="noopener noreferrer nofollow">planning</a> to launch its own stablecoin called Ripple USD.
At the conference, Garlinghouse also discussed this topic, detailing that they are currently in a “private kind of closed beta,” and that RLUSD has been minted in that framework.
He also gave a projected launch timeline, saying that the expectations are for that to happen within “weeks, not months.”
The post <a href="https://cryptopotato.com/ripple-xrp-ipo-in-the-us-ceo-brad-garlinghouse-weighs-in/" rel="noopener noreferrer nofollow">Ripple (XRP) IPO in the US? CEO Brad Garlinghouse Weighs In</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple (XRP) IPO in the US? CEO Brad Garlinghouse Weighs In

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