Ripple CEO, Garlinghouse, Holds Off IPO, unveils competition strategy against SWIFT

Ripple’s CEO Brad Garlinghouse revealed that the technology company had no imminent plans of holding an initial public offering (IPO) due to the increased regulatory pressure from the U.S. Securities and Exchange Commission (SEC). Brad also mentioned that a lack of regulatory clarity hinders development in the decentralized ecosystem.

Source: Cryptopolitan