Ripple's Big Desire (XRP) To Go Public

JAKARTA – Ripple (XRP) is rumored to be going public after the problems that dragged it to court are over. The U.S. Securities and Exchange Commission (SEC) accused Ripple and two of its top officials of “raising more than USD 1.3 billion through the unregistered and periodic process of offering digital asset securities”.

Brad Garlinghouse, CEO of Ripple, said the company would go public as soon as the issue was resolved. Garlinghouse was also a speaker at CoinDesk's recent Consensus 2021 event.

Cited CryptoGlobe, since 2020, Garlinghouse had planned to go public, but the SEC blocked Ripple's goal until it was delayed until 2021. He revealed that the company was eager to go public after the hurdle was passed.

Currently Ripple has experienced a number of victories over allegations from the SEC. The court asked the SEC to submit documents regarding other crypto assets. The court also barred US financial regulators from accessing the personal cash flows of Ripple officials.

“The chances of Ripple going public are very high at some points… In the middle of the SEC lawsuit, you know, we need to end it”, Garlinghouse said.

In addition, Garlinghouse also revealed that Ripple has an advantage over the other two leading cryptocurrencies such as Bitcoin and Ethereum. One of them is, XRP is more environmentally friendly than BTC and ETH.

Ripple is also claimed to only have “zero inflation dynamics” because all XRP coins have already been created and will not be created again.

This is different from BTC, which can still be mined in the next few years. Meanwhile, ETH does not have a limited supply, as reported by CryptoGlobe, Saturday, May 29.