Hey! Coming at you guys with some news you may just wanna hear!
According to XRP's CEO Brad Garlinghouse Ripple will be exploring the possibility of an IPO once it is done with it's lawsuit with the SEC in regards to it's claims that Ripple engaged in an illegal securities offering through the sale of XRP.
Amid the comments XRP is down 42% within the past month with the lawsuit coming up on it's 15th month with Ripple expecting it to end this year. After that the company will explore the IPO listing.
Now think about that for a second.
Feel free to leave a like and follow as I always appreciate it and it helps support me through all of these Ideas and posts just trying to give you guys what you need and some great information. Thank you anyway again and have a great day!
~ Rock
According to XRP's CEO Brad Garlinghouse Ripple will be exploring the possibility of an IPO once it is done with it's lawsuit with the SEC in regards to it's claims that Ripple engaged in an illegal securities offering through the sale of XRP.
Amid the comments XRP is down 42% within the past month with the lawsuit coming up on it's 15th month with Ripple expecting it to end this year. After that the company will explore the IPO listing.
- Why? Ripple is obviously not new to issues with the SEC and to get an IPO listing would help for the company to establish more certainty and clarity in the United States and most importantly with the SEC. Such would help them to avoid any further lawsuits or accusations from the SEC. It would basically allow them to be able to conduct their business without the potential risk of getting pulled into another lawsuit and unnecessary battle.
- Despite all that's been going on with the market and crypto stocks in general being hammered according to Garlinghouse XRP is still continuing to grow with the volume in it's cross border payments which uses XRP as On-Demand Liquidity totaling $8 billion dollars in the first quarter of the year alone. To give an idea last year during the same period on demand liquidity was only $1 billion. Now that is an impressive sign of growth.
- The CEO also made sure to add on that the growth was almost all outside the United States and that it'll likely continue until Ripple get's the clarity they need in the U.S and the lawsuit finishes. I mean think about that, Ripple nearly performed a 10x on it's Liquidity growth compared to last year, and that's based for the most part on only growth outside the United States. Think about just how much the growth will be once it's in the United States and everything is clarified with the SEC.
Now think about that for a second.
Feel free to leave a like and follow as I always appreciate it and it helps support me through all of these Ideas and posts just trying to give you guys what you need and some great information. Thank you anyway again and have a great day!
~ Rock
