Ripple rejects IPO plans, Cathie Wood reduces Bitcoin 2030 forecast, and other crypto news: Hodler’s Digest
Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the US Securities and Exchange Commission.
Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday.
Were in a fortunate position where weve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do, Long said.