Why November 8th could be an important day in Ripple history

Dubai is preparing for the Ripple Swell 2023 conference, scheduled for November 8-9. Let's find out why expectations from this event are higher than ever.

Earlier, the editors of BeInCrypto already talked about the approaching Ripple Swell conference . The flagship event will take place on November 8-9 and will feature numerous speakers, including Brad Garlinghouse, CEO of Ripple Labs.

Possible announcement of Ripple IPO or license acquisition

Recently, rumors have been circulating around the market that Ripple Labs is probably considering the possibility of conducting an initial public offering (IPO). Recently, speculation on this topic was fueled by a new vacancy for “senior shareholder relations manager” opened at Ripple.

There are also rumors that Ripple may be applying for a license from the Virtual Asset Regulatory Authority (VARA) in the United Arab Emirates. Given the presence of Henson Orser, CEO of VARA, at the event, as well as Ripple's recent regulatory push in Dubai, it is possible that there will indeed be some kind of official announcement on this topic.

CBDC and SEC settlement

Central banks around the world are increasingly focusing on digital currencies. Ripple can play a key role in this matter. It will be interesting to see what ideas and possible partnerships Ripple reveals during the Swell event.

Another forecast concerns a possible settlement of the legal dispute between Ripple and the SEC . We might also get some big announcements on this.

Recall that the US Securities and Exchange Commission (SEC) recently withdrew its lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Lawson. This comes after the court earlier that month rejected the SEC's request to appeal a ruling in favor of Ripple Labs that found that the sale of XRP to retail investors did not constitute an offering of securities.

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