March 22, 2025
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Ripple will look at the acquisition of other businesses instead of IPO

Buying “Other Infrastructure Blockchain Projects” is interested in Ripple more than entering the public market, said CEO Brad Garlinghaus in an interview with Bloomberg. “I will not name specific names. In his heart, Ripple is an infrastructure blockchain. We sell our technologies to businesses, mostly financial institutions. We are interested in other infrastructure blockchain companies, ”he said. The entrepreneur emphasized the optimism against the background of completion of trial against the US Securities and Exchange Commission […]”, – WRITE: Businessua.com.ua

Ripple will look at the acquisition of other businesses instead of iPo - infbusiness

Buying “Other Infrastructure Blockchain Projects” is interested in Ripple more than entering the public market, said CEO Brad Garlinghaus in an interview with Bloomberg.

“Not I will name specific names. In his heart, Ripple is an infrastructure blockchain. We sell our technologies to businesses, mostly financial institutions. We are interested in other infrastructure blockchain companies, ”he said.

The entrepreneur emphasized the optimism against the background of the completion of trial against the US Securities and Exchange (SEC), which has been reaching since 2020. According to him, Ripple has not yet decided whether to withdraw her own complaint against the department.

Harlinghaus noted that the company spent more than $ 150 million for legal trials and would not mind to pay $ 125 million paid at the request of the commission. As long as this amount remains on the escrow account.

He added that during the past management, the SEC would probably refuse to continue the debate, but with the current administration the situation is different, and there would be no court case if it was not for the law enforcement approach of the former chairman of the commission Gerry Gensler.

We will remind, in March Ripple received a license to work in the UAE.

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