Ripple CEO: Multiple ETFs around different tokens are inevitable
Ripple CEO Brad Garlinghouse discussed XRP ETF rumors and the need for clearer cryptocurrency regulations in an interview with Bloomberg. Garlinghouse stated that Ripple's recent legal victory against the US Securities and Exchange Commission (SEC) was a turning point and emphasized the need for clearer rules in the industry. He provided details on Ripple's legal battle with the SEC, pointing out that the agency regulates through enforcement rather than providing clear guidance for the industry. He noted that the courts have consistently ruled against the SEC, including Ripple's victory in which XRP was deemed not a security. Garlinghouse believes that this situation will stop when the SEC realizes that they have been consistently failing or when Congress intervenes and enacts new legislation.
Additionally, Garlinghouse believes that the emergence of other ETFs is also significant. He expressed Ripple's support for an XRP ETF and stated that they would welcome it. He also believes that multiple ETFs around different tokens are inevitable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dookey Dash: Unclogged NFT Game Jumps Into Top 10 In The USA App Store On Day 1
A Deep Look Into Ethereum Bearish Sentiment and Mpeppe Explosive Gains For Their Investors
Experts Believe a 300% Rally Is On The Way For Ethereum and Mpeppe After Recent Upward Trend
Injective (INJ) Holders Add New Gambling Cryptocurrency To Portfolio As Market Recovers