Ripple CEO, Brad Garlinghouse, stated during the recent Swell conference that the company has no immediate plans for an IPO. In terms of the broader crypto market, Garlinghouse expressed optimism despite the challenges faced by the industry. While acknowledging the importance of ensuring liquidity for shareholders and maintaining an appropriate company valuation, Ripple has maintained a strong financial position, allowing it to invest in various projects and make acquisitions without the immediate need for public funding.
Garlinghouse also highlighted the hostile relationship between the SEC and Ripple, further emphasizing the lack of priority for an IPO. While acknowledging the difficulty of making accurate predictions about crypto prices, Garlinghouse remains optimistic about the next one or two years.
He mentioned that the previously hostile stance of the U.S.
government towards crypto is beginning to shift, with major players like BlackRock entering the space.
