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Story: Ripple CEO Brad Garlinghouse Signals Openness to IPO After SEC Lawsuit Resolution

By Steven Anderson

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From Resistance to Neutral Ground. The backstory matters here. Back in early 2020, Garlinghouse was already floating the idea that a…

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What Monica Long's Comments Really Mean. Long's comments throughout 2025 weren't just housekeeping.

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Where Ripple Actually Stands Right Now. So where does that leave things? Ripple hasn't ruled out going public.

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Brad Garlinghouse has changed his tune. Ripple's CEO, long comfortable keeping the company private, now says an IPO is something the firm is genuinely open to — a pretty clear…

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Speaking at the 2026 Wyoming Blockchain Symposium, Garlinghouse said Ripple has been "very happily private for a long time," but he didn't stop there.

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The backstory matters here. Back in early 2020, Garlinghouse was already floating the idea that a crypto company IPO could happen soon — he probably had Ripple in mind.

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And that's where things stayed for a while. The lawsuit dragged. Ripple fought. The company kept its head down and its balance sheet healthy, operating without the pressure of…

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Then the SEC dropped its appeal in March 2025. That was the moment Garlinghouse said Ripple had reached a point where an IPO could actually be considered. Not a certainty.

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Ripple President Monica Long was saying similar things throughout 2025, though she was careful to pump the brakes on any hype.

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Long's comments throughout 2025 weren't just housekeeping. They told a specific story about how Ripple's leadership thinks about the public markets.

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That's a different position from a lot of crypto firms that went public or explored SPACs when market windows opened. Ripple didn't chase those windows.

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See also: SEC Proposes New Crypto Token Rules as Congress Stalls on Digital Asset Market Clarity Act

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But stubborn has softened. Garlinghouse's tone at the Wyoming Blockchain Symposium was noticeably different from earlier years, when the SEC lawsuit made any IPO talk feel almost…

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Unclear exactly what tipped the balance toward this more neutral stance — whether it's the regulatory environment shifting, the company's growth, or just the natural next chapter…

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So where does that leave things? Ripple hasn't ruled out going public. It also hasn't committed to anything.

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