FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Login
No Result
View All Result
  • Equity Funding
  • Stocks
  • Mutual Funds
  • Credit Cards
  • Loans
  • Insurances
  • Savings
  • Crypto Trading
FinanceLane
Home News Feed Blockchain News

Ripple to Explore IPO after SEC Lawsuit, CEO Discloses

BlockchainbyBlockchain
May 26, 2022
in Blockchain News
Reading Time: 2 mins read

Blockchain payments firm Ripple Labs Inc might be battling a lawsuit with the United States Securities and Exchange Commission (SEC), but it is in no way losing focus on what the future holds.

xrp3.jpg

In an interview with CNBC, Chief Executive Officer Brad Garlinghouse has confirmed that the firm will consider moves to float its Initial Public Offering in the US when it is done with the SEC.

“I think we want to get certainty and clarity in the United States with the U.S. SEC. You know, I’m hopeful that the SEC will not slow that process down any more than they already have,” Garlinghouse told CNBC during the World Economic Forum in Davos. “But you know, we certainly are at a point in the scale, where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC.”

Garlinghouse said he hopes the SEC will not impede its speed when it wants to push for the public listing as it has done through the legal battle that has lasted well over 12 months. The plans to go public have long been in the works for Ripple as it looks to thread similar paths as Coinbase Global Inc which made its public debut back in April 2021.

While Garlinghouse is optimistic the ongoing legal brawl will be concluded this year, and hopefully, in the firm’s favour, the entire plan of an IPO is an ambitious one amidst a largely bearish market.

While Ripple Labs operates with the aid of the XRP coin which helps in facilitating cross-border transactions, it said the bulk of its business is dominated outside of the US, and the slump of the XRP coin in recent times, fueled in part by the SEC lawsuit has not impacted its overall productivity. Garlinghouse said it increased its On-Demand Liquidity transactions which totalled $8 billion this quarter versus $1 billion in the same period last year.

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: BRAD GARLINGHOUSEIndustry ExpertRippleSECXRP

Related Topics

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Prev Next

You May Like

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Advisory

Bank FDs vs post office term deposit: Which offers senior citizens higher interest rate for short term

Blockchain

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Blockchain News

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Blockchain News

Yuga Labs Sets Up BAYC Community Council to Boost Innovations

Advisory

Central govt employees: General Provident Fund (GPF), CPF interest rates announced for Oct-Dec 2022 quarter

Bitcoin

Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens

Financial News

Blockchain News

Binance Launches Crypto Prepaid Card in Argentina through Partnership with Mastercard

Blockchain
by Blockchain
Bitcoin

Marathon Digital Releases Q1Result, Generating 1,259 BTC with YoY Increase of 556%

Blockchain
by Blockchain
Bitcoin

Web3 Startup Mysten Labs Seeks $200m in Series B Financing, Closing Valuation at $2B

Blockchain
by Blockchain
Bitcoin

1 Billion Crypto Users Projected by 2030, Study Shows

Blockchain
by Blockchain
Bitcoin

Accounting Firm Wolf & Company Pairs with Bitpay to Accept Crypto Payments

Blockchain
by Blockchain
Blockchain News

Bank Indonesia to Evaluate CBDC Influence to Local Economy

Blockchain
by Blockchain
Blockchain News

Will Ethereum Merge Trigger a Shift from Selling to Buying Pressure?

Blockchain
by Blockchain
Bitcoin

FTX Denies Rumours of Merging between Alameda Research and FTX VC

Blockchain
by Blockchain
Advisory

PM Kisan 11th Instalment: Check these 5 points if you have not received instalment amount

FinanceLane
by FinanceLane
Advisory

SBI WhatsApp banking: How to use, what services are available

FinanceLane
by FinanceLane
Blockchain News

Finblox Raises Withdrawal Limit, Exploring Lawsuit against 3AC

Blockchain
by Blockchain
Advisory

Banks hike MCLR on loans: SBI vs BOB vs Axis Bank vs Kotak Mahindra Bank loan interest rate comparison

FinanceLane
by FinanceLane
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.