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Altcoin News

Ripple is likely to go public as soon as litigation with SEC comes to an end

As previously reported, the SEC filed a lawsuit against Ripple Labs and its executives – CEO Brad Garlinghouse and Executive Chairman Chris Larsen – in late 2020. The regulator alleged that the defendants” distributed over $ 1.3 billion through an unregistered, ongoing offering of digital securities ” – in the form of XRP – since 2013.

Therefore, it is worth noting the statement about Ripple’s plans to conduct an IPO (IPO). Namely, Yoshitaka Kitao, CEO of Japanese financial services company SBI Holdings, which owns a stake in Ripple, said that an IPO would pay off.

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