Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Ripple to Explore IPO After SEC Case Ends, XRP Whales Continue Accumulation Spree

Cryptocurrency May 26, 2022 09:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Ripple to Explore IPO After SEC Case Ends, XRP Whales Continue Accumulation Spree

The CEO of Ripple, Brad Garlinghouse, has shared his company’s desire to explore the possibility of an initial public offering (IPO) after settling its lawsuit with the U.S. Securities and Exchange Commission.

Ripple to Explore IPO After SEC Case

The lawsuit, in which the SEC alleges that Ripple engaged in illegal securities offering through sales of XRP, has dragged on for nearly 15 months.

However, recording several significant wins in the case, Ripple expects the case to be concluded this year. When asked about a possible IPO at the World Economic Forum in Davos, Garlinghouse responded;

“But you know, we certainly are at a point in the scale where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC.”

XRP Whales Continue Accumulation

With the Ripple making progress in the SEC case and the XRP correcting by more than 50% in the last two months, whales have seized the opportunity to raise their holdings.

According to data from Santiment, Ripple whales holding between 1M-10M XRP have reached their highest point in more than two months following an accumulation spree.

Santiment further explained that these XRP whales (who are not exchanges) now hold 6.12% of all $XRP. This represents over $1.1 billion of XRP’s $19.14 billion market cap.

On The Flipside

  • In the same interview, Brad Garlinghouse said that he agrees with Ethereum co-founder Gavin Wood’s recent statement that not many cryptos will survive.

Why You Should Care

Garlinghouse believes that Ripple, which has grown significantly outside the U.S., could do the same in the country with “clarity and certainty” from the SEC case.

Check the article below to learn more about the SEC vs Ripple Case

Judge Torres Modifies Joint Proposed Calendar to End Ripple vs. SEC Lawsuit Before Christmas

Continue reading on DailyCoin

Ripple to Explore IPO After SEC Case Ends, XRP Whales Continue Accumulation Spree
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email