- Ripple CEO Brad Garlinghouse anticipates ETFs for various cryptos beyond Bitcoin.
- Garlinghouse criticizes SEC, citing Bitcoin ETF approval due to court intervention.
- Ripple’s legal victory against the SEC marks a significant milestone for the company.
In a recent CNBC interview, Ripple CEO Brad Garlinghouse expressed certainty about the emergence of spot exchange-traded funds (ETFs) for cryptocurrencies beyond Bitcoin. Garlinghouse specifically highlighted the likelihood of an Ethereum (ETH) ETF and others, although he refrained from specifying a timeframe.
Read CRYPTONEWSLAND on
google news
While acknowledging the recent approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), Garlinghouse underscored that the approval only materialized due to a court intervention, labeling it a necessity. He expressed hope that other cryptocurrencies wouldn’t encounter similar regulatory hurdles and emphasized the potential for various ETFs in the future.
Garlinghouse criticized the SEC’s approach, citing a court’s intervention as a reminder of regulatory inconsistencies. He suggested that the SEC, under Gary Gensler’s leadership, might face challenges in maintaining such an approach, expressing optimism for change when new leadership takes over.
Ripple, under Garlinghouse’s leadership, has faced regulatory confrontations, notably with the SEC. In a significant legal victory for Ripple Labs last year, a U.S. judge ruled that the retail sales of XRP tokens did not constitute a security offering. This decision marked a pivotal moment for Ripple in its ongoing legal battles with the regulatory agency.
Garlinghouse’s comments reflect a broader industry sentiment anticipating the expansion of cryptocurrency ETFs, signaling a potential shift in regulatory dynamics that could impact various digital assets beyond Bitcoin.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
