Ripple CEO Criticizes SEC's 'Hostile' Crypto Stance, IPO Not an Immediate Priority

Brad Garlinghouse calls SEC Chair a 'political liability', confirms Ripple has explored markets outside the U.S. for an IPO and bought back $1 billion of its stock.

Ripple CEO Brad Garlinghouse has stated that an initial public offering (IPO) in the U.S. is not an immediate priority due to the Securities and Exchange Commission's (SEC) 'hostile' stance towards the crypto industry.
Garlinghouse criticized SEC Chair Gary Gensler, describing him as a 'political liability' and suggesting his approach to crypto regulation could stifle economic growth.
Ripple has explored markets outside the U.S. for an IPO, but plans are currently on hold.
Garlinghouse confirmed that Ripple has bought back $1 billion of its stock, citing the importance of shareholder liquidity.
Despite the lack of immediate plans for an IPO, Garlinghouse stated that the option remains open and will be evaluated over time.