5/25, 3:50 PM (Source: TeleTrader)
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Ripple to consider IPO after end of SEC lawsuit

Ripple Labs Inc. CEO Brad Garlinghouse said on Wednesday the company will consider an initial public offering (IPO) after its lawsuit with the United States Securities and Exchange Commission (SEC) is resolved. "I’m hopeful that the SEC will not slow that process down any more than they already have," he told CNBC.

Turning to cryptocurrency regulation, Garlinghouse said the industry "lacks clarity and certainty," which hampers its growth. "For entrepreneurs and investors to participate in these markets, to invest in companies in this space, you want that clarity and certainty," he said, adding that many G20 countries are ahead of the US when it comes to regulating the digital currency industry.

Baha Breaking News (BBN) / DJ