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.
Experts and members of the Ripple community are actively speculating in anticipation of this event. Let’s look at the most important forecasts and assumptions.
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 there has been speculation on this topic kindled new vacancy for “Senior Shareholder Relations Manager” opened at Ripple.
IPO means offering shares of a company to the general public. Before an IPO, a company is typically privately owned and funded by investors such as its founders and venture capitalists.
Source: YouTube
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.
User X (former Twitter) WrathofKahneman wrote:
“This year’s SWELL event could be very significant. I don’t know what might be announced, but the probabilities are:
IPO
VARA license
CBDC
Stablecoin/Tokenization
After a year of silence, we may get more details if #Ripple still considers itself primarily a payments company.”
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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.
So, while the Ripple Swell event is not particularly advertised, announcements made during the event could have a significant impact on the price of XRP.
Read also: Ripple (XRP) has approached critical resistance. What will happen next
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2023-11-05 09:02:00
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