During a talk about Ripple‘s possible initial public offering (IPO), Ripple’s CTO, David Schwartz, raised the topic of the difference in liquidity between Ripple company shares and XRP tokens. This comment piqued the interest of cryptocurrency enthusiasts. Schwartz expressed his belief that XRP has greater liquidity than private corporation shares, a notion often debated.
In simpler terms, Schwartz’s speech highlighted that investing in stocks involves more than just guessing the value of Ripple shares. There were debates about Schwartz’s stock holdings, the potential impact of an Initial Public Offering (IPO), and the intricacies of vesting periods and tax obligations.
Schwartz admitted feeling uneasy about the riskiness of his existing stock investments and suggested he might take steps to reduce this risk. He mentioned the possibility of unloading Ripple stocks to purchase more, explaining that options were about to expire and there were substantial tax implications involved.
Humorous anecdote: I find myself in an amusing predicament where I might need to offload some Ripple shares imminently to acquire more Rippele shares. The reason being, I hold certain options to buy Ripple shares which are on the verge of expiring. However, activating these options comes with a substantial tax bill.
— David “JoelKatz” Schwartz (@JoelKatz) April 23, 2024
Ripple IPO Plans Amid Legal Battle and Regulatory Hopes
Brad Garlinghouse, CEO of Ripple, previously mentioned exploring IPO options outside the US, but those plans were put on hold due to a legal dispute between Ripple Labs and the SEC. However, the new head of the regulatory authority and more lenient regulations could make IPOs possible in the future.
In the midst of XRP having a market capitalization of $11 billion and ongoing discussions among investors about its future, there’s been little dismissal of Ripple’s significance despite regulatory uncertainties and regulatory developments.
XRP Price Dips 3% Amid Ongoing Volatility
Currently, the XRP token is going through a downturn in the market, causing its price to decrease by more than 3% within the last 24 hours. Its current value sits at $0.5276. The token has set a support level at $0.5249 and a resistance level at $0.5547 during this market instability.
Recently, Ripple Labs made some internal promotions. Jon Bilich is now the new CFO (Chief Financial Officer), while Mariel Kelley has been promoted to the role of Senior Vice President (SVP) for People and Places. These appointments were acknowledged by Brad Garlinghouse, CEO of Ripple, for their valuable contributions to the Ripple community.
Pro-XRP Lawyer Slams Judge Torres’ Interpretation Of ODL Sales
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2024-04-24 19:53