According to U.Today, Ripple's Chief Technology Officer, David Schwartz, recently engaged in a discussion with the XRP community, shedding light on the relationship between Ripple shares and XRP. This comes as the cryptocurrency company is considering plans for an initial public offering (IPO). Schwartz's comments came in response to community members seeking clarity on his views about Ripple shares versus XRP. He emphasized the superior liquidity of XRP compared to privately-held company stocks, highlighting the liquidity disparity between the two.
The conversation also touched on the complexities of stock ownership, with community members speculating on Schwartz's potential motives and considerations. Some speculated about the nature of Schwartz's holdings and the implications of a potential IPO, while others shared their personal experiences with stock vesting periods and tax implications. Schwartz himself expressed discomfort with the level of risk associated with his current stock holdings and hinted at potential future actions to manage this risk. He mentioned the possibility of selling Ripple stock to buy more, due to expiring options and significant tax considerations.
Meanwhile, Ripple CEO Brad Garlinghouse's previous statements about exploring IPO options outside the U.S. remain relevant. Plans for an IPO are currently on hold pending the resolution of the ongoing legal battle with the SEC. Garlinghouse expressed optimism about the appointment of a new regulator's chief and the potential for improved regulatory clarity, signaling hopes for a future IPO in the U.S. With Ripple's valuation at a staggering $11 billion and ongoing discussions with investors, anticipation is building regarding the company's future trajectory.