Recently, the U.S. Securities and Exchange Commission (SEC) has decided to drop its legal case against Ripple Labs’ top executives, CEO Brad Garlinghouse and Executive Chairman Chris Larsen. This marks Ripple’s third significant legal win in its ongoing battle with the SEC.
Now amidst all of this, Ripple made an intriguing move by posting a job opening for a senior manager of shareholder communications on October 16, sparking discussions among cryptocurrency enthusiasts about the company’s intentions.
In a recent interview with Ray Fuentes, the Community Director at Linqto, hosted by Thinking Crypto, Fuentes expressed optimism about the possibility of Ripple going public through an Initial Public Offering (IPO) in 2024. Fuentes discussed the timing and factors that might lead to Ripple’s IPO.
Market Conditions and Ripple’s IPO
Fuentes acknowledged that the current market conditions may not be ideal for an IPO due to the quantitative tightening period. However, he pointed out that 2024 is expected to bring increased liquidity and optimism, making it a favorable year for such a move.
He mentioned a statement by Jeremy Allaire, CEO of Circle, who believes that 2024 might see the formal recognition of stablecoins like USDC as legitimate currencies, which could align with Ripple’s plans.
Read More: Speculations Surrounding Ripple’s Possible IPO and Rebranding Stir the Crypto Community
He highlighted Ripple’s distinctive position in the industry, emphasizing the company’s role in pioneering innovative technologies like the iso20022 payment repository. Additionally, Fuentes noted Ripple’s extensive patent portfolio and its global relationships with major financial institutions, positioning it well for an IPO.
While Fuentes couldn’t provide a specific timeline for Ripple’s IPO, he expressed hope and optimism for it to happen sooner rather than later. He stressed that Ripple’s impact extends to the crypto community and traditional finance, marking an exciting era in modern finance.
Also Read: Ripple IPO Valuation Predicted to Skyrocket 20x: XRP to the Moon?
What are your thoughts on the possibility of Ripple going public in 2024? Let us know!
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