Brad Garlinghouse Talks Ripple’s Latest IPO Development – Times Tabloid

According to Ripple CEO Brad Garlinghouse, the company is exploring the possibility of conducting its initial public offering (IPO) outside of 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 US 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 shares IPO update

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

Impact on the US financial market

The SEC’s Stance Against Ripple and Other Cryptocurrency Companies Stifles Innovation in the U.S. Due to the uncertainty, companies cannot operate freely without fear of lawsuits or rapid regulatory changes that limit their activities.

To support his thesis, Garlinghouse referenced the situation with Coinbase, a major cryptocurrency exchange. Coinbase received SEC approval to file for IPO, only to face subsequent 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 he won the caseraising further questions about the SEC’s approach to regulating cryptocurrencies.

Ripple International IPO

As a result of these factors, Ripple is seriously considering pursuing an IPO outside of the United States. Exploring international stock exchanges represents an alternative route for the company to access public capital markets and potentially raise funds for future growth.

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

Read also: Brad Garlinghouse updates the status of Ripple’s IPO in the United States

An overseas IPO could offer several benefits to Ripple. It could streamline the listing process, speed up access to capital and potentially generate more investor interest from regions with a more established digital asset ecosystem.

Ripple has increased its international recruiting effortsfocusing a significant portion of 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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