Ripple CEO Brimming with Confidence About Approval of XRP ETF
Ripple CEO Brad Garlinghouse expressed unwavering assurance in the approval of a spot XRP exchange-traded fund (ETF) in the United States, in addition to potential ETFs for other prominent altcoins like Solana and Cardano. This declaration resonates significantly as regulatory sentiments regarding crypto appear to be evolving.
Garlinghouse’s Critique of Regulatory Ambiguity
In his critique of the current regulatory landscape in the US, Garlinghouse specifically called out the Securities and Exchange Commission (SEC) for its lack of transparency in policies. He highlighted the challenges stemming from the SEC’s failure to definitively classify digital assets like Ethereum and others as securities.
- Garlinghouse asserted that the US lags behind in regulatory clarity among top economies worldwide.
- He pointed out the SEC’s ambiguous stance on classifying various digital assets.
Shifting Regulatory Climate
Despite the obstacles, the recent green light for multiple spot Ethereum ETFs by the SEC signals a notable shift, hinting at a more flexible approach. Garlinghouse opined that the emergence of XRP, Solana, and Cardano ETFs is merely a matter of time, aligning with broader industry expectations for an enhanced array of crypto-driven financial products.
- Garlinghouse emphasized that regulatory hurdles are temporary impediments on the path to approval.
- He discouraged crypto maximalism, stressing the unique attributes and strengths of each project.
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