Renowned Lawyer Anticipates Ripple IPO to Hit $100B Valuation After SEC Case is Over

As the protracted legal skirmish with the U.S. Securities and Exchange Commission (SEC) draws to a close, Ripple, a leading player in the crypto world, is creating waves of excitement in the financial community. 

Ripple’s IPO Could Be Valued At $100 Billion

The prospect of the firm’s initial public offering (IPO) has ignited a fervent discussion, with renowned attorney and XRP enthusiast John Deaton providing insightful commentary during a recent conversation on Good Morning Crypto.

Before the SEC lawsuit was initiated, Ripple was already paving the way toward an IPO. According to Deaton, should the company prevail over the SEC, an IPO is not only foreseeable but could materialize within the next twelve months.

Ripple’s internal worth was pegged at $15 billion when it repurchased shares from its third series of investors. This estimate hinged on Ripple’s possession of 45 billion XRP tokens. Deaton conjectured that should the value of XRP rise to $2 per token, Ripple could see its valuation skyrocket to a staggering $100 billion. 

This would propel Ripple to overtake the current market valuation of Coinbase, presently standing at $15 billion. In Deaton’s perspective, Coinbase’s valuation is underestimated, partially due to the regulatory opacity that looms over the cryptocurrency marketplace.

Legal Quandaries and Market Influences

Jeremy Hogan, another respected lawyer who has shown support for Ripple, emphasized the importance of addressing the controversial “secondary market sales” of XRP within the context of Ripple’s legal faceoff with the SEC.

Hogan underscored the crucial need to clarify XRP’s classification—whether it’s inherently a security—as this determination will inevitably impact XRP’s potential re-enlistment on exchanges and, ultimately, the lawsuit’s final verdict.

Despite the fact that the plaintiff didn’t expressly broach the issue of securities, Hogan suggests that various scenarios could illuminate secondary sales issues and sway the judge’s ruling.

In a recent ruling, the U.S. District Court for the Southern District of New York sided with Ripple Labs regarding a dispute over documents and emails linked to the so-called Hinman speech. This event is speculated to have prompted the SEC to adjust its public speech disclaimer, clarifying that comments made by officials represent their official roles.