Ripple Labs, one of the first crypto linked firms that moved ahead to complain about the U.S. Securities and Exchange Commission’s (SEC) forced enforcement is again under the spotlights. As Ripple’s annual SWELL conference approaches, its community can find itself in a pool full of speculation around a potential pursuit of an Initial Public Offering (IPO). However, specifics remain an enigma.
Ripple’s job listing raises eyebrows
A recent job listing for a Shareholder Communications Senior Manager by Ripple raised major questions about its strategic moves. However, the blockchain firm is still in the middle of an ongoing legal battle with the U.S. SEC despite bagging a partial win in the summary judgment.
Expert suggests that Ripple’s application for a Virtual Asset Regulatory Authority (VARA) license in the United Arab Emirates (UAE) can be in the pipeline. Henson Orser, CEO of VARA is reportedly invited to the main event. It fetches a possibility of an official announcement soon.
It is expected that Ripple’s involvement in Central Bank Digital Currency (CBDC) initiatives and insights into the company’s role in building the future of digital currencies will be in prime focus. However, Stablecoins and tokenization are also subjects ripe for discussion, as Ripple continues to position itself at the forefront of technological innovation.
SEC’s regulatory hurdles, uncertainties
Notably, Ripple despite being involved in a crucial legal battle with the U.S. SEC is actively hiring for financial roles, including Directors of International Tax and Financial Risk Directors. Expert suggests that these roles play a fundamental role in ensuring precise financial auditing and compliance with international tax regulations. Looking after such emphasis on financial transparency suggests that Ripple might be planning to go public.
Crypto experts further suggest that the ongoing legal battle between Ripple and the U.S. SEC can prove to be the major point of complexity to the IPO speculation. The uncertainty surrounding regulatory outcomes in the United States is another drawback for the blockchain firm.