Ripple CTO Says A Resolution Or IPO Plans May Be At Upcoming Event: Report

Key Points:

• Ripple CTO confirmed that Ripple may announce a resolution to their legal dispute with the SEC or IPO plans.

Ripple CTO confirmed that Ripple may announce a resolution to their legal dispute with the SEC or IPO plans during the upcoming community gathering in New York City.

Ripple’s recent legal victory over the U.S. regulator has sparked speculation about the possibility of the company making groundbreaking announcements to the XRP community. In a recent Twitter exchange, a Ripple executive confirmed these speculations.

Notably, the executive revealed that Ripple could announce a resolution to their ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), or disclose Initial Public Offering (IPO) plans, during the upcoming community gathering in New York City.

According to some sources such as WhaleChart, it could be about a settlement with the SEC or Ripple’s plans for an IPO.

However, some of the speculation may be overly optimistic. For instance, while an influencer in the XRP community projected XRP breaking its all-time price record of $3.84 during the celebration, it may be highly improbable given that XRP currently trades at $0.4985. Additionally, the influencer envisioned a scenario where SEC Chairman Gary Gensler would be paraded through the crowd while attendees collectively yell “shame” at him, which is an unlikely occurrence.

Despite this, Ripple’s Chief Technology Officer, David Schwartz, confirmed that two of the scenarios will materialize. “Only two of those things will happen,” Schwartz remarked in a reply tweet.

Following the regulatory victory, XRP gained about 90%, but it remains to be seen whether the digital asset will experience further growth. In any case, the upcoming event promises to be an exciting one for the XRP community, as Ripple may announce significant developments regarding their ongoing legal dispute with the SEC or their IPO plans.

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