Does Ripple's (XRP) IPO plan have the support of the U.S. government?
Ripple's IPO plan does not receive clear support from the U.S. government; rather, the company is facing significant hurdles from the legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple's CEO, Brad Garlinghouse, has stated that an IPO is not the company's top priority at this time, especially since they have no plans to list immediately while the legal battle continues. He also emphasized that the SEC is not Ripple's "friend," affecting the company's progress towards an IPO.
Despite much speculation about a future IPO, Garlinghouse believes Ripple will consider this possibility after the SEC lawsuit concludes. However, with the potential for the complaint to drag on until 2026, the outlook for a near-term IPO is becoming challenging. In this context, pressure from the market and regulatory changes may influence Ripple's decisions regarding the IPO in the future.