SBI CEO: Ripple will be made public after a lawsuit in the SEC!
Yoshitaka Kitao, CEO of SBI Finance Group in Japan, said in a call for revenue that Ripple would be made public, adding that Chris Larsen, one of the founders, wants the company to move in that direction. Slow:
Following the current petition, Ripple will be made public. Chris wants to do that.
Ripple CEO Brad Garlinghaus claimed that his company could lead the IPO in Davos in January 2020.
In the next 12 months, you will see an IPO in the crypto / blockchain space. We will not be the first and we will not be the last, but I expect to be on the leading side. This is a natural evolution for our company. ”
But these plans seem to have been abandoned. While shares of the Coinbase cryptocurrency exchange continue to be traded on the Nasdaq, Ripple is currently embroiled in an unpleasant legal battle with the SEC.
SBI Group, Ripple's largest foreign shareholder, has long been a strong supporter of XRP, which has been touted as an cryptographic asset in Japan. Shareholders can receive dividends for the second year in a row, as reported by U.Today.
In December, Kitao said that Ripple's legal problems in the United States would not have a major impact on its global trade.
Ripple, meanwhile, insists the SEC must provide its internal communications in a letter to Judge Sarah Netburn.
The issue will be discussed at another conference call on April 30.