Brad Garlinghouse, CEO of Ripple, says the San Francisco-based payment company plans to go public as soon as its legal battle with the US Securities and Exchange Commission is resolved.
In an interview during the Consensus 2021 event, Garlinghouse praised Coinbase after the crypto exchange debuted on the Nasdaq in April.
“I give Coinbase a lot of credit. They have been leaders in crypto here in the US for years, and I think overall it’s good for crypto to bring them out. I think what I said is that Ripple won’t be the first and Ripple certainly won’t be the last. “
According to Garlinghouse, Ripple is considering enforcing its IPO plan but will have to wait for the SEC lawsuit to end.
“I think the likelihood that Ripple will be a public company at some point is very high. I think in the middle of an SEC lawsuit, you know we need to close this and the SEC approve an S1. It’s easier to do after you get the closure and clarity and regulatory security we’ve been looking for for so long. “
In January 2020, Garlinghouse revealed Ripple’s plan to go public, as he predicted an IPO would take place in the crypto room in the next 12 months. In December, the SEC officially filed a complaint against the payment giant alleging that Ripple’s original asset, XRP, was an unregistered security when it was launched and remains a security to this day.
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix