Ripple’s journey to a potential Initial Public Offering (IPO) has been a focal point for crypto enthusiasts and industry watchers. Recently, Ripple CEO Brad Garlinghouse hinted at revisiting the company’s IPO plans, contingent on the U.S. Securities and Exchange Commission’s (SEC) leadership changes. Under the current SEC Chair, Gary Gensler, Ripple has faced relentless scrutiny, leading to the postponement of its public listing ambitions.
However, pro-XRP lawyer John Deaton has reignited discussions, making bold predictions regarding Ripple’s IPO and the ongoing legal battle with the SEC.
“@Ripple didn’t prioritize going public because that really didn’t make any sense under the previous SEC administration, maybe that changes in the future.”
— John E Deaton (@JohnEDeaton1) January 6, 2025
—- @bgarlinghouse
I’ve already stated that I believe we see a Ripple IPO either in the last quarter of 2025 or the 1st… https://t.co/mEHkIqpkCb
When Could Ripple Go Public?
Deaton predicts that Ripple could announce its IPO as early as Q4 2025 or Q1 2026. The anticipated leadership change at the SEC is a key factor. Reports suggest that Gary Gensler, widely regarded as crypto-skeptic, will step down in January 2025, making way for pro-crypto Paul Atkins. Deaton believes that Atkins’ leadership will foster a more favorable regulatory environment, enabling Ripple to reconsider its IPO strategy.
SEC Appeal: A Potential Withdrawal on the Horizon
Ripple’s legal battle with the SEC centers on the classification of XRP as a security. The SEC’s appeal against a 2023 federal court ruling—which sided with Ripple—remains unresolved. Deaton, however, foresees the SEC withdrawing its appeal, citing slim chances of success. He emphasizes that the ruling is fact-based and lacks binding precedent, making a prolonged legal battle potentially damaging to the SEC’s credibility.
The Impact of Pro-Crypto Leadership
Paul Atkins’ appointment as SEC Chair under President-elect Donald Trump could mark a turning point for Ripple. Pro-XRP advocates, including Deaton, expect Atkins to push for a swift resolution to Ripple’s legal challenges, possibly by mid-2025. This change could provide Ripple with the regulatory clarity it needs to confidently pursue an IPO.
Also Read: XRP Price Surge: Will Ripple Hit $8.7 or Face a Market Crash?
Ripple’s IPO timeline hinges on regulatory dynamics and leadership changes at the SEC. With optimism growing around Atkins’ potential appointment, the crypto community awaits what could be a pivotal shift for Ripple and the broader industry.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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