Despite Ripple (XRP) concluding its legal dispute with the U.S. Securities and Exchange Commission (SEC), it appears that the company will not pursue an Initial Public Offering (IPO) for the time being.
Monica Long, Ripple's president, recently stated at Paris Blockchain Week (PBW), "While resolving legal risks brings great relief, we are not currently considering an IPO." As the recent lawsuit with the SEC has been settled, potentially easing regulatory uncertainty for cryptocurrencies in the United States, Ripple maintains its stance of remaining *unlisted*.
Long explained, "Transitioning to a listed company would mean gaining more liquidity and market exposure," but added, "Currently, Ripple is not desperate for an IPO for any reason." She further noted that while the possibility of an IPO is not completely closed and may depend on market conditions or capital and liquidity needs, it is not a current priority.
At the event, Ripple also disclosed the background of its recent acquisition of prime brokerage firm Hidden Road for approximately $1.25 billion (about 1.825 trillion won). Long praised Hidden Road for having a powerful platform that processes around $3 trillion in annual transactions, stating that this acquisition will accelerate institutional investor inflow.
Hidden Road is a global brokerage providing comprehensive services including foreign exchange, digital assets, derivatives, and bonds. Ripple plans to use its issued stablecoin RLUSD as brokerage collateral. Brad Garlinghouse, Ripple's CEO, emphasized, "The era of SEC's indiscriminate regulation has ended, and the U.S. market is finally opening up," adding that "the next phase satisfying traditional finance's requirements has begun."
The nearly three-year dispute between Ripple and the SEC was a major factor amplifying uncertainty across the cryptocurrency industry. However, with the lawsuit's conclusion and a noticeable relaxation of regulatory environment in the U.S., many cryptocurrency companies are realigning their strategies for entering the institutional market.
The cryptocurrency industry anticipates an acceleration of regulatory relaxation, aligning with Donald Trump's policy stance. The president has recently instructed the formation of a dedicated team regarding cryptocurrency reserve systems, speeding up the clarification of regulatory standards. The industry is focused on how Ripple will expand its business moving forward.
Real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
