Brad Garlinghouse Discusses Latest Ripple IPO Development – Times Tabloid

According to Brad Garlinghouse, CEO of Ripple, the company is exploring the possibility of conducting its initial public offering (IPO) outside the United States. This change in strategy comes amid continued regulatory uncertainty in the United States, particularly regarding the Securities and Exchange Commission’s (SEC) stance on cryptocurrencies.

During a recent interview At the 2024 Consensus Conference, Garlinghouse expressed skepticism about the prospect of a U.S. IPO under the current leadership of SEC Chairman Gary Gensler. He highlighted the potential challenges associated with obtaining approval for Ripple’s S-1 registration statement, a crucial document required for public listing.

Read also: Ripple CEO Brad Garlinghouse Provides IPO Update

Garlinghouse compared the SEC’s outlook with the more progressive stance of New York Stock Exchange (NYSE) Chairman Lynn Martin. This dissonance within the US financial regulatory landscape creates a complex environment for companies like Ripple looking to go public.

Impact on the American financial market

The SEC’s stance against Ripple and other cryptocurrency companies is stifling innovation in the United States. Due to uncertainty, businesses cannot operate freely without fear of lawsuits or rapid regulatory changes that restrict their operations.

To support his point, Garlinghouse referenced the situation with Coinbase, one of the leading cryptocurrency exchanges. Coinbase received SEC approval for its IPO filing, but later faced legal action from the same regulator over trading in certain crypto assets.

This seemingly contradictory approach raises concerns for companies like Ripple navigating the regulatory landscape. Coinbase won the caseraising more questions about the SEC’s approach to crypto regulation.

Ripple International IPO

Due to these factors, Ripple is seriously considering an IPO outside the United States. Exploring international exchanges presents an alternative route for the company to access public capital markets and potentially raise funds for future growth.

With regulatory uncertainty clouding the U.S. market, more companies could follow Ripple’s steps and look abroad for more favorable listing environments. Exchanges in jurisdictions with clearer crypto regulations may prove to be a more welcoming destination.

Read also: Brad Garlinghouse Updates Ripple US IPO Status

An overseas IPO could provide several advantages for Ripple. This could streamline the listing process, speed up access to capital, and potentially drive greater investor interest in regions with a more established digital asset ecosystem.

Ripple increased its international recruiting effortsby concentrating a significant part of its hiring in 2024 outside the United States. An international IPO could be the next step for the company if the regulatory landscape does not change.

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