Ripple is still entangled in regulatory issues but appears confident of its future. On January 23, the CEO said that he anticipates the government of the United States to recognize the attempts of Ripple to develop faster payment solutions.

During an interview at Davos, U.S. Treasury Secretary Steven Mnuchin said some benefits exist when it comes to cross-border payment systems to lower costs for consumers and businesses.

Ripple is still facing lawsuits concerning its XRP ICO in 2013 despite the forecasts of Garlinghouse. Within the past two years, some investors have filed a petition against the company for the sales of XRP tokens as unregistered securities.

At the moment, the SEC is examining these claims. Nevertheless, Ripple remains confident that it did not violate any regulatory standards and will be victorious. It is not certain whether the SEC will permit the firm to hold an IPO if it does not remove past charges.

#xrp panic is in over the IPO issue. The IPO is completely separate. The question you need to ask is the value of XRP as a use case. Not what an IPO means to Ripple. There must be something serious under the hood for 10b valuation & IPO. This involves xrp. Think before you dump. — Thomas (@tommyirl) January 24, 2020

The SEC has always been firm when it comes to its stance on cryptocurrency firms. However, in November last year, Silvergate Bank, based in California, went public with an IPO. The bank provides services that focus on digital currency businesses with clients such as miners, custodians, and exchanges.

Things were not good for XRP investors last year. The general crypto market experienced an upsurge and out of all the ten leading crypto, XRP was the only one that offered negative returns. The price of XRP declined remarkably. However, Ripple was at the top of the list of blockchain capital fundraisers last year.

The company was also able to raise $200m from international investors during its Series C funding round. The firm plans to utilize the funds for international expansion.

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