Ripple CEO Brad Garlinghouse said the company is now "a little more neutral" on a potential initial public offering but has made no decision or set a timetable. Ripple is targeting a $1 billion annualized revenue run rate by the end of 2026, excluding XRP sales, despite what the newer report describes as a bear market. The company raised $500 million at a $40 billion valuation late last year, completed nearly $2.5 billion in acquisitions over the past year and made about $3 billion in shareholder tender offers over two years. Garlinghouse also backed the CLARITY Act despite Senate obstacles, said Ripple expects revenue to more than double year over year, and cited 75 global licenses. Its acquired platforms Hidden Road and GTreasury handle roughly $16 trillion in annual transaction volume, some of which could move onto the XRP Ledger.