Ripple Labs Inc Plans for Its Future Despite Ongoing SEC Lawsuit
- Ripple is considering floating its IPO in the US after the SEC lawsuit.
- Garlinhouse is concerned that this is slowing down the firm’s forward movement about its plans for going public.
- The exec sounds optimistic about the legal battle with SEC possibly coming to an end.
Ripple Labs Inc. is looking to the future even while involved in a lawsuit with the United States Securities and Exchange Commission (SEC).
Brad Garlinghouse, Ripple’s CEO, stated in an interview with CNBC that the firm is considering floating its Initial Public Offering (IPO) in the US when it is done with its lawsuit with the SEC.
Garlinghouse was quoted at the World Economic Forum, saying, “I think we want to get certainty and clarity in the United States with the US SEC. You know, I’m hopeful that the SEC will not slow that process down any more than they already have.”
The SEC and Ripple Labs Inc. had been involved in the lawsuit for 12 months already, and Garlinhouse is concerned that this is slowing down the firm’s forward movement with regard t ...
Read more: https://coinquora.com/ripple-labs-inc-plans-for-its-future-despite-ongoing-sec-lawsuit/
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