May 25, 2022, 10:34 a.m. EDT

Ripple considering IPO after SEC suit wraps up

The CEO of Ripple, which is the issuer of the eponymous cryptocurrency XRP USD (KRAKEN:XRPUSD) , will weigh a potential initial public offering after its lawsuit with the Securities and Exchange Commission ends, the CEO of the company told CNBC-TV at Davos. Ripple CEO Brad Garlinghouse said the company is now "at a point in scale" where an initial public offering is a "possibility." In November, Ripple said it's making progress and expects a suit by the SEC to resolve by the end of 2022. The SEC has charged Ripple with selling $1.3 billion in XRP cryptocurrency in an unregistered securities offering, but Ripple maintains that the XRP is not a security. XRP is currently one of the largest cryptocurrencies in the world.

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