Ripple's plan after the XRP vs SEC case ends, IPO soon!

Bittime - The SEC vs XRP case is still ongoing even though several years have passed since this problem emerged. After several court appeals, this dispute will now end soon.

Check out the latest developments in the XRP vs SEC case and Ripple's plans to immediately IPO after the end of this case!

SEC Ends Appeal against Ripple

After more than four years of legal wrangling, the US Securities and Exchange Commission (SEC) has finally decided not to pursue an appeal against Ripple.

However, this case is not completely resolved. Ripple still faces a $125 million fine as well as a ruling classifying institutional sales of XRP as securities.

Judge Analisa Torres' decision in August 2023 remains in effect, where XRP is not considered a security in trading on the secondary market, but is considered a security when sold to institutional investors.

The market responded positively to this development. XRP prices jumped nearly 11% to $2.52 after the news broke, according to data from CoinGecko.

Source: Market Bittime

Ripple Now Takes Control

Ripple CEO Brad Garlinghouse emphasized that his company is now in control of this case. "The SEC has withdrawn from their appeal. That means we are now the ones determining the next steps," he said in an interview with Bloomberg.

Brad also revealed that Ripple has spent more than $150 million in legal fees since the case began in December 2020. 

He believes that the SEC's strategy under the leadership of Gary Gensler is an attempt to pressure the crypto industry through legal channels. “The SEC wanted to expand its power over crypto in this way, but now everything has changed,” he added.

Also read: XRP Price Prediction March 20, 2025: Today's Trend Analysis

Plan Ripple IPO: Top Priority?

Amid speculation that Ripple will soon be listed on the stock exchange, Brad Garlinghouse actually dampened these expectations. 

According to him, an IPO is not Ripple's main priority at the moment. “Doing an IPO could be an option in the future, but we don't need it now,” he explained.

In contrast to many companies that conduct IPOs to obtain funding, Ripple has been able to grow organically without requiring additional capital from the public. Instead of focusing on an IPO, Ripple is currently actively making acquisitions.

Brad confirmed that his company is looking for opportunities to acquire blockchain infrastructure companies to strengthen its ecosystem. “There will be a lot of consolidation in the industry this year, and Ripple will be part of that,” he said.

Ripple's Ambitions in Stablecoins

Meanwhile, the traditional financial industry is starting to change its view on crypto. Brad said that large banks in the US who were previously skeptical of digital assets were now starting to show interest, especially in terms of crypto custody and payment infrastructure.

Ripple itself has expanded its stablecoin business by launching RLUSD last year. The target is to make RLUSD one of the five largest stablecoins on the market before the end of this year. 

"The stablecoin market is currently worth $230 billion and could grow 10 times in the next five years. Ripple wants to take as big a share as possible from this growth," he said.

Responding to concerns about Ripple's ownership of 42% of the total XRP supply, Brad emphasized that his company has always been transparent in this regard. Ripple regularly releases XRP market reports to provide clarity to investors on how the company handles its assets.

Also read: Proposal for XRP to Become a Strategic Asset for the United States Financial System

Conclusion

With most of its legal battles with the SEC over, Ripple is now ready to strengthen its position in the blockchain industry. 

Would an IPO be the next step for the company? Although not a current priority, Ripple's prospects of becoming a major player in the global blockchain infrastructure remain wide open.

FAQ 

What is Ripple Vs SEC case?

The Ripple Vs SEC case is a legal battle that started in 2020, where the SEC accused Ripple Labs of selling XRP as securities without registration. Ripple rejected the claims, stating that XRP is a digital asset, not a security.

What impact will this case have on XRP and the crypto market?

This case creates regulatory uncertainty that affects the crypto market at large. Despite this, XRP experienced a surge in value, reflecting investors' confidence in Ripple.

When will this case be resolved?

Until now, there is no certainty when this case will end. The final outcome depends largely on the courts and a possible change in leadership at the SEC.

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Reference

Jai Hamid, Ripple CEO downplays IPO plans after Ripple-SEC case ends, XRP surges, Accessed March 20, 2025

Author: SD