Ripple CEO, Brad Garlinghouse spoke about the SEC lawsuit against the company, Ripple’s new stablecoin, and plans for an IPO. In an interview with Tony Edward, Garlinghouse stated that the ongoing legal battle with the US Securities and Exchange Commission (SEC) did not affect the company’s plans for growth.
Despite facing allegations that it sold XRP as an unregistered security, Ripple remains confident in its position and is prepared for any outcome. Despite the uncertainties surrounding the SEC lawsuit, Ripple appears poised to solidify its place as a leader in the crypto space.
Garlinghouse emphasized that the company’s focus on innovation, compliance, and sustainability will continue to drive its success.
Ripple’s mission is to revolutionize the financial landscape by improving cross-border payments, providing fast, cost-effective, and secure transactions for individuals and businesses worldwide. Ripple is also considering an IPO in the future, but Garlinghouse did not provide any specific date for the offering.
He stated that an IPO would be a “natural progression” for the company as it continues to expand. Aside from the lawsuit, Garlinghouse discussed the launch of RLUSD, a new stablecoin pegged to the US dollar.
The stablecoin is expected to play a crucial role in Ripple’s cross-border payment solutions. The ongoing case could set a precedent for the entire industry, according to Garlinghouse. Garlinghouse highlighted the significance of the stablecoin for the company, as well as its commitment to constructing a compliant and sustainable ecosystem.
