According to Bitcoin.com, Japanese financial giant SBI Holdings CEO Yoshitaka Kitao suggested that Ripple should prepare for an initial public offering (IPO) as soon as possible after the legal issues with the U.S. Securities and Exchange Commission (SEC) are resolved to seize market opportunities. Yoshitaka Kitao has supported Ripple since 2017 as a key partner in driving cross-border payments innovation, emphasizing XRP's advantages in efficiency, low cost, and scalability. He also joined Ripple's board of directors in 2019 to support its business expansion in Japan and Asia Pacific.