US-based cross-border blockchain remittance service provider Ripple has already announced that it has plans to go public. However, this was not possible due to the current legal dispute with the independent agency of the US Securities and Exchange Commission (SEC). However, now the company’s executive has announced that the company plans to go public following the lawsuit with the SEC.
Brad Garlinghouse, the chief executive officer (CEO) of Ripple, recently appeared at Consensus 2021 where he spoke about the blockchain payments giant’s futuristic plans. In one of his statements, he confirmed that the company’s plans to go public are imminent and that the company will respond to them soon.
According to him, once the legal battle between the SEC and Ripple Labs ends, the company will develop into a publicly traded company. As he talked about it, he explained that the company had first looked at various options it could choose to do earlier last year. However, he said the allegations made by the SEC caused a delay in the process.
But now the company is waiting for the lawsuit to end and then will go back to trading on plans to become a public company. The legal battle between these two entities is still ongoing and does not appear to be ending as soon as it seems at the moment.
XRP isn’t inflationary, says Brad Garlinghouse
Brad Garlinghouse also appeared on another interview where he shared his thoughts on this Inclusion of Ripple in the list of top 50 disruptor companies.
I honored that @Ripple is included in this year’s CNBC # Disrupter50 list. It really is the most exciting time to work in the crypto industry, and good news – Ripple is hiring! 1/2 https://t.co/WDu1JeutHe https://t.co/8GD8YsNIz8
– Brad Garlinghouse (@bgarlinghouse) May 26, 2021
In this interview, he claimed that XRP, Ripple’s native cryptocurrency, is not inflationary, unlike the two largest digital currencies in the world, Bitcoin and Ether.