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Ripple Labs Inc. Considers IPO Amidst Ongoing Lawsuit With SEC

Ripple Labs Inc, an American blockchain payments firm, has been involved in a lawsuit with the SEC since December 2020, leading to speculation about the company's future. Pro-crypto attorney John Deaton commented on a news article discussing Ripple's potential plans to float an IPO, revealing that the company conducted a private roadshow event in April to generate interest. Despite the lawsuit almost crippling Ripple's business in the US, there is hope that the case will end soon, and if Ripple wins or receives a ruling that ongoing and future sales of XRP are not securities, it could be a blessing in disguise for the company. Ripple is already making plans for its business post-lawsuit.

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