Ripple Labs Inc. is looking forward despite being involved in a dispute with the US Securities and Exchange Commission (SEC).
Ripple CEO Brad Garlinghouse revealed in an interview with CNBC that the company is considering an Initial Public Offering (IPO) in the United States once its dispute with the SEC is resolved.
"I think we want to get certainty and clarity in the United States with the US SEC," Garlinghouse said at the World Economic Forum. "You know, I’m hopeful that the SEC will not slow that process down any more than they already have."
The SEC and Ripple Labs Inc. have been involved in the litigation for almost a year, and Garlinhouse is concerned that this is impeding the firm's progress toward going public. These plans have been in the works for quite some time.
Although Garlinghouse appears to be enthusiastic about the legal battle with the SEC perhaps coming to a conclusion, many say the firm's ambition for an IPO is overly ambitious given the market's overall bearishness.
Unfortunately for Garlinhouse, it was recently disclosed in a Twitter post that "the court has granted the SEC’s motion for extension of time to file an opposition to amici’s request to participate in the expert challenge. SEC’s objection issue by June 7, 2022, and any responses to that objection are due by June 10, 2022."