Ripple CEO intends to IPO after SEC litigation Ripple CEO B | DeFi Protocol

Ripple CEO intends to IPO after SEC litigation

Ripple CEO Brad Garlinghouse believes that the company may go for an IPO when its legal battle with the Securities and Exchange Commission (SEC) is over. This was reported by Business Insider, citing a statement from the head of Ripple.

Garlinghouse added that the chances of going public "are very high at some point." However, it is not clear whether the outcome of the lawsuit will affect the fintech company's plans. It should be noted that the company has already announced plans to go public.

However, Garlinghouse's statements had no impact on the XRP token exchange rate.

At one point, the altcoin was up 5 percent, but it has remained in a downtrend for the month. As of this writing, the price of XRP is $1 (-3.77%). The token's market capitalization has fallen to $46.3 billion.