At the Paris Blockchain Week conference, Ripple President Monica Long discussed the benefits of the company’s lawsuit settlement with the SEC and the evolving U.S. regulatory environment for the broader crypto industry. Despite rumors, Long dismissed the idea of Ripple going public soon, emphasizing that the company doesn’t need the liquidity or exposure an IPO would provide. However, she left the door open for future consideration if market conditions change.
Long also elaborated on Ripple’s recent $1.25 billion acquisition of prime broker Hidden Road, which is expected to enhance institutional adoption of cryptocurrencies. This acquisition allows Hidden Road to utilize Ripple’s new stablecoin, RLUSD, as collateral in its services.
Ripple CEO Brad Garlinghouse remarked that the U.S. market is now more accessible due to the resolution of regulatory obstacles, positioning both Ripple and Hidden Road to cater to the needs of traditional finance.
While Ripple remains focused on private operations, Long acknowledged that an IPO could be possible if the company needs additional capital or market conditions shift.
