{"id":56967,"date":"2025-08-01T14:04:27","date_gmt":"2025-08-01T14:04:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-cto-addresses-xrp-debate-as-kraken-eyes-15-billion-ipo\/"},"modified":"2025-08-01T14:04:27","modified_gmt":"2025-08-01T14:04:27","slug":"ripple-cto-addresses-xrp-debate-as-kraken-eyes-15-billion-ipo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-cto-addresses-xrp-debate-as-kraken-eyes-15-billion-ipo\/","title":{"rendered":"Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ripple-xrp-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ripple-xrp-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ripple-xrp-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ripple-xrp-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Powell flagged regulatory risks as main concern for XRP.<\/li>\n<li>Kraken suspended XRP trading in the US due to legal pressure.<\/li>\n<li>Kraken handles $1.3 billion in daily trading across 1,100 pairs.<\/li>\n<\/ul>\n<p data-start=\"68\" data-end=\"739\">Ripple\u2019s Chief Technology Officer, David Schwartz, has weighed in on renewed speculation surrounding Jesse Powell, the co-founder of crypto exchange Kraken, as the firm prepares for an initial public offering (IPO).<\/p>\n<p data-start=\"68\" data-end=\"739\">The conversation was reignited by a casual poll <a href=\"https:\/\/x.com\/JoelKatz\/status\/1951160713512370527?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1951160713512370527%7Ctwgr%5E4cf00d8b641792c81ba1eecbed2b8174fb387ff6%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fripple-cto-on-krakens-xrp-delisting-jesse-powell-never-hated-xrp-it-was-about-legal-risk%2F\">Schwartz shared on X<\/a> regarding Ripple\u2019s potential IPO, which unexpectedly led to claims that Powell had \u201calways hated XRP.\u201d<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p data-start=\"68\" data-end=\"739\">Schwartz quickly intervened, dismissing the suggestion and providing context around Powell\u2019s concerns, which he said were rooted in regulatory risk rather than personal bias.<\/p>\n<p data-start=\"68\" data-end=\"739\">The clarification arrives at a time when Kraken is aiming for a $15 billion valuation in its upcoming IPO.<\/p>\n<h2 data-start=\"741\" data-end=\"791\">XRP concerns linked to regulatory uncertainty<\/h2>\n<p data-start=\"793\" data-end=\"1243\">The XRP controversy resurfaced after <a href=\"https:\/\/x.com\/uptownsaul\/status\/1950979439510053095?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1951160713512370527%7Ctwgr%5E4cf00d8b641792c81ba1eecbed2b8174fb387ff6%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fripple-cto-on-krakens-xrp-delisting-jesse-powell-never-hated-xrp-it-was-about-legal-risk%2F\">one user on X<\/a> revisited claims about Powell\u2019s alleged dislike of the token.<\/p>\n<p data-start=\"793\" data-end=\"1243\">Schwartz responded by saying that Powell did not hate XRP, but rather approached it with caution due to its regulatory grey area.<\/p>\n<p data-start=\"793\" data-end=\"1243\">Powell had repeatedly raised concerns that if regulators eventually categorised XRP as a \u201csecurity,\u201d exchanges such as Kraken could face consequences despite having complied with existing laws at the time.<\/p>\n<p data-start=\"1245\" data-end=\"1562\">This regulatory uncertainty, Powell argued, created an \u201cuneven risk\u201d that forced exchanges to weigh potential compliance costs against trading opportunities.<\/p>\n<p data-start=\"1245\" data-end=\"1562\">His caution culminated in Kraken\u2019s decision to suspend XRP trading for US customers, which Powell described as a business move rather than a personal stance.<\/p>\n<h2 data-start=\"1564\" data-end=\"1616\">Kraken\u2019s decision to halt XRP trading in the US<\/h2>\n<p data-start=\"1618\" data-end=\"1962\">Kraken\u2019s suspension of XRP trading for US users was a direct result of regulatory pressure. Powell emphasised that the exchange acted to reduce exposure to potential enforcement actions.<\/p>\n<p data-start=\"1618\" data-end=\"1962\">The move aligned with similar actions taken by other major exchanges, which chose to delist or restrict XRP in response to concerns about its legal status.<\/p>\n<p data-start=\"1964\" data-end=\"2238\">By taking this step, Kraken aimed to protect itself from legal risks that could arise if regulators determined XRP to be a security.<\/p>\n<p data-start=\"1964\" data-end=\"2238\">The decision was framed as one made to safeguard the company\u2019s long-term stability rather than an expression of hostility toward the token.<\/p>\n<h2 data-start=\"2240\" data-end=\"2284\">Debate resurfaces as Kraken targets IPO<\/h2>\n<p data-start=\"2286\" data-end=\"2584\">The timing of the renewed discussion coincides with Kraken\u2019s preparation for a possible IPO, during which it is reportedly seeking to raise $100 million.<\/p>\n<p data-start=\"2286\" data-end=\"2584\">The fundraising is aimed at securing a valuation of around $15 billion, positioning Kraken among the largest publicly listed crypto exchanges.<\/p>\n<p data-start=\"2586\" data-end=\"2951\">As the company returns to the spotlight, past controversies such as the XRP suspension have re-emerged, with online speculation drawing renewed attention.<\/p>\n<p data-start=\"2586\" data-end=\"2951\">Schwartz\u2019s clarification on X sought to separate personal opinion from regulatory caution, stressing that Powell\u2019s decisions were aligned with broader industry challenges rather than rooted in dislike of XRP.<\/p>\n<h2 data-start=\"2953\" data-end=\"3008\">Kraken maintains strong position in global trading<\/h2>\n<p data-start=\"3010\" data-end=\"3394\">Despite the past suspension of XRP trading in the US, Kraken continues to be one of the most active exchanges worldwide. It reports over $1.3 billion in daily trading volume and offers more than 1,100 trading pairs.<\/p>\n<p data-start=\"3010\" data-end=\"3394\">Its prominence in the sector underscores its influence as it prepares for public listing, with regulatory compliance remaining a central theme in its growth strategy.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ripple-cto-addresses-xrp-debate-as-kraken-eyes-15-billion-ipo\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Powell flagged regulatory risks as main concern for XRP. Kraken suspended XRP trading in the US due to legal pressure. Kraken handles $1.3 billion in daily trading across 1,100 pairs. Ripple\u2019s Chief Technology Officer, David Schwartz, has weighed in on renewed [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":56968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56967"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56967"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56968"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}