At Davos Ripple CEO Brad Garlinghouse made headlines by predicting that not only would his company most likely have an IPO sometime in 2020, but that it would just be one of the many IPOs that are going to hit the crypto industry. In the wake of his comments, there has been talk of how feasible IPOs are for crypto companies. While the IPO structure would be something amenable to many companies in the space, with the regulatory situation being what it is, compliance could be an obstacle.
Coinciding with these developments, news broke last week of a new SEC proposal making the rounds that would potentially exempt fintech startups from some of the securities regulations currently in place. Many in the crypto space have reacted to the news with optimism, but others see it as possibly opening the doors to another ICO frenzy that would hurt the industry in the long run.
To get an insider’s read on both of these topics we spoke with Changelly cryptocurrency exchange CEO and crypto visionary Eric Benz.
IPO talks making ripples
To start things off we focused on the possibility of there being an IPO boom in the crypto industry. Benz is bullish on the prospects of it happening as he anticipates a future flourishing in this space that will see the technology get applied in ways we have yet to think of. He said, “This market is a completely new frontier in so many different ways and we are merely scratching the surface with what we are seeing with use cases. Blockchain technology has unlimited potential and we are sure to see some major breakthroughs in the coming years. I very much believe in the possibility of there being an IPO-boom similar to what we initially saw with ICO’s but of course in a much more regulated and controlled manner.