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CryptoUpdated×10•Originally published 5 May 2026•Updated 6 May 2026•

1 min read

Ripple CEO Rules Out IPO, Reveals $13 Trillion in Total Payment Volume

Key Facts

1Ripple CEO Brad Garlinghouse stated that the next two weeks will be pivotal in passing broader cryptocurrency legislation.

Speaking at Consensus Miami 2026, Ripple CEO Brad Garlinghouse ruled out an immediate IPO, instead hinting at the possibility of what could be the largest acquisition deal in the crypto sector to date. This potential record-breaking move aligns with the company's expansion into the RLUSD stablecoin and its milestone of processing $13 trillion in total payment volume. As Bitcoin reached $81,000, Garlinghouse voiced support for the asset while explicitly rejecting 'maximalism' in the digital currency space. On the legislative front, he identified the weeks of May 11 and May 18 as the critical window for Senate 'markup' sessions. He warned that missing this timeframe would jeopardize the passage of the CLARITY Act before the US midterm elections. These updates underscore Ripple's aggressive growth strategy through potential mega-acquisitions and its advocacy for a stable regulatory framework.

29 days ago

Version History

2 additional sources confirmed this story

Version 1029 days ago

What changed: Added the CEO's hint regarding a potentially record-breaking acquisition deal in the cryptocurrency industry.

Version 929 days ago

What changed: Added specific calendar dates for the legislative markup process (May 11 and 18) and identified Consensus Miami 2026 as the event venue.

Version 829 days ago

What changed: Added Garlinghouse's endorsement of Bitcoin at the $81,000 level and his rejection of crypto maximalism.

Version 729 days ago

What changed: Added specific context regarding the US midterm elections as a primary obstacle to the bill's passage.

Version 629 days ago

What changed: Added the specific venue (Consensus Miami) and the explicit warning regarding the 'markup' process as a critical procedural hurdle for the CLARITY Act.

Version 529 days ago

What changed: Added specific details regarding the expansion of the RLUSD stablecoin and the pursuit of strategic acquisitions as part of the company's pivot away from an immediate IPO.

Version 429 days ago

What changed: The story was updated to specify that the CEO's remarks were made during a crypto conference on Tuesday.

Version 329 days ago

What changed: Updated the story to include details on the legislative compromise regarding stablecoin yields and Garlinghouse's cautious stance on the final passage of the market structure bill.

Version 229 days ago

What changed: The story was updated to include Garlinghouse's non-maximalist stance regarding XRP/BTC and his urgent warning about the two-week Senate window for the CLARITY Act.

Version 130 days ago

What changed: The story was updated to include the CEO ruling out an IPO and the disclosure of $13 trillion in total processed payment volume.