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David Vance

Coin

<ul class="news-points"> 
 <li>Ripple CTO David Schwartz said the company would have gone public if it had been formed outside of the United States.&nbsp;</li> 
 <li>Schwartz said a Ripple IPO was something he had looked forward to and why he opted for stock compensation.&nbsp;</li> 
 <li>An XRP community member argued that the Ripple team released XRP in lieu of an IPO</li> 
</ul> 
Ripple Labs chief technical officer David Schwartz believes Ripple would have been a public company if it had been formed outside of the United States.&nbsp; 
In a recent <a href="https://x.com/JoelKatz/status/1727053866112594314?s=20" target="_blank" rel="nofollow">post</a> on X, Schwartz said the “trajectory that took Ripple away from an IPO was completely unexpected.” Previously, the CTO had mentioned that a Ripple IPO was something he had looked forward to. 
The CTO’s statements came in a debate with another XRP community member about why Ripple didn’t go public. According to the user, Ripple Labs released the XRP token in place of an IPO, suggesting that the company favored the token drop over an IPO to raise money.&nbsp; 
However, Schwartz countered that he never equated XRP’s launch with an IPO. He continued by saying that a possible IPO was why he opted for Ripple stock for compensation instead of XRP. “My intention and belief was always th…
The post <a href="https://coinedition.com/ripple-cto-blames-delayed-ipo-on-u-s-regulatory-challenges/">Ripple CTO Blames Delayed IPO on U.S. Regulatory Challenges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple CTO Blames Delayed IPO on U.S. Regulatory Challenges

Coin Edition

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