Ripple CTO Confirms Ripple Will Announce IPO, SEC Settlement at NYC Party

Last Updated:
Ripple CTO Confirms Ripple Will Announce IPO, SEC Settlement at NYC Party
  • Ripple’s CTO has confirmed that the firm will make major announcements at its party.
  • The announcements could be about a settlement with the SEC or Ripple’s plans for an IPO.
  • Ripple is gearing up to celebrate its legal victory over the SEC.

As Ripple gears up to celebrate its recent legal triumph over the U.S. regulator, there have been a lot of speculations swirling around the possibility of the firm making groundbreaking announcements to the community of XRP enthusiasts.

Interestingly, a Ripple executive has confirmed the community’s speculation in a recent Twitter exchange. In a tweet, XRPP, a notable figure in the community, laid out a series of optimistic forecasts for the impending Ripple/XRP community gathering.

The influencer expressed that Ripple could announce a resolution to their ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). He also anticipates Ripple disclosing Initial Public Offering (IPO) plans. Moreover, the influencer projected XRP breaking its all-time price record of $3.84 during the celebration.

However, XRPP’s tweet did not stop at financial projections. He envisioned a scenario where SEC Chairman Gary Gensler would be publicly paraded through the crowd with attendees collectively yelling ‘shame’ at him. The influencer also included a fifth humorous projection around XRPP.

In response to the optimistic outlooks, Ripple’s Chief Technology Officer, David Schwartz, confirmed that two of the scenarios will materialize. “Only two of those things will happen,” the Ripple executive remarked in the reply tweet.

Since XRP trades at $0.4985, it may be highly improbable that the digital asset would grow 670% to $3.84 before the celebration coming in three weeks. For instance, XRP only gained about 90% following the regulatory victory.

Also, Ripple would unlikely attempt to embrace the SEC’s chairman at the party, as the influencer suggested. Striking two of those two scenarios leaves the XRP with three options. In other words, Ripple may be announcing a settlement with the SEC or its plans for an IPO during the party coming up in New York City.