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Ripple Targets FCA Approval, Eyes London IPO by 2025

Author: Content Editor
The recent decision by Judge Torres to grant Ripple's motion for a stay on the monetary penalty is seen as a significant development for the company. This decision is expected to benefit Ripple's efforts to obtain permission from the UK Financial Conduct Authority (FCA) for a crypto license. Previously, the uncertainty surrounding the penalty Ripple could face from the SEC was delaying the licensing process. With the stay in place, Ripple now has clarity on the financial expectations and is on track to receive permission from the FCA by December 2024. This certification is important for Ripple's overall plan as it may pave the way for an initial public offering (IPO) in London in 2025. Ripple has been avoiding the American market due to regulatory uncertainty and the SEC's hostile attitude towards the company. The decision to pursue an IPO outside of the US aligns with Ripple's strategy of expanding into countries with more receptive regulatory regimes. Ripple's CEO, Brad Garlinghouse, has been critical of the US regulatory framework and advises cryptocurrency entrepreneurs to avoid establishing operations in the US. In addition to regulatory hurdles, Ripple is also focusing on improving the technological capabilities of the XRP Ledger, including the integration of non-fungible tokens (NFTs), decentralized exchanges (DEX), smart contracts, and automated market makers (AMMs), which aim to enhance the XRPL's functionality and increase its use cases. With the potential FCA approval and technological advancements, 2025 could be a significant year for Ripple, with a London IPO on the horizon.

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