Ripple CEO Discusses XRP ETF and Crypto Regulation
In a recent interview with “Bloomberg Crypto,” Ripple CEO Brad Garlinghouse shared his perspectives on the potential for an XRP Exchange Traded Fund (ETF), the crypto regulatory environment, and Ripple’s strategy in the evolving digital asset space. Garlinghouse expressed strong enthusiasm for the concept of an XRP ETF, positioning it as a natural evolution in the diversification and maturation of the cryptocurrency investment landscape.
Garlinghouse Critiques SEC’s Hesitance
Garlinghouse did not shy away from critiquing the SEC’s historical hesitance, pointing out that the approval for a Bitcoin ETF came only after significant legal pressure. He sees the development of cryptocurrency ETFs as beneficial for the market, enhancing safety and robustness.
XRP ETF’s Significance and Ripple’s Role
Despite not commenting on potential discussions with major issuers like BlackRock regarding an XRP ETF, Garlinghouse highlighted its broader significance for the entire XRP community and Ripple’s pivotal role within this ecosystem. He stressed Ripple’s commitment to creating real-world utility for XRP, especially in payments.
Future of ETFs and XRP
When asked if he would welcome an XRP ETF, Garlinghouse stated that they would certainly welcome it. He further speculated that there could be multiple ETFs around different tokens in the future and even envisioned ETFs that encompass individual cryptocurrencies or a basket of assets.
XRP Price Update
At press time, the XRP price was hovering just above the crucial support level, trading at $0.55253.
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