Ripple (XRP) Will Go Public After SEC Case
The lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple has already been written in history in the cryptocurrency ecosystem. The SEC accused both Ripple as a company and its two top executives of Ripple, CEO Brad Garlinghouse and founder Chris Larsen, in a lawsuit filed in December 2020.
For now, Ripple seems to be relieved, especially with the latest developments. However, it is also stated that the decisions to be taken at the hearing that will be held tomorrow will be important. Therefore, both the Ripple ecosystem and XRP investors are focused on the case to be seen tomorrow.
However, important names touch on what Ripple wants to do after the lawsuit.
“Ripple Will Go Public”
During the earnings presentation meeting, Yoshitaka Kitao , CEO of Japanese financial giant SBI Group, said Ripple will go public, adding that co-founder Chris Larsen wants the company to move in such a direction:
After the current lawsuit, Ripple will go public. Chris wants to do this.
In addition, Ripple CEO Brad Garlinghouse claimed that his company would be the “leader” in the IPO event in Davos in January 2020. “In the next 12 months, you will see IPOs in the crypto / blockchain space. We won’t be the first and we won’t be the last, but I expect us to be on the leading side. This is a natural evolution for our company. ” he used his words. However, it can be stated that this situation has been shelved with the latest developments.
SEC Ripple Voltage
SBI Group, Ripple ‘s largest external shareholder, has long been a strong supporter of XRP , which is considered a crypto asset in Japan . In a statement made in December, Kitao also stated that Ripple’s legal impasse in the US will not have a major impact on business deals globally.
In addition, Ripple wrote a letter to Judge Sarah Netburn regarding the submission of SEC’s internal communications. Whether this will happen or not seems to be determined at the hearing tomorrow.