Ripple CEO Predicts XRP ETFs in 2025, Credits SEC Losses for Regulatory Shift

Ripple CEO Brad Garlinghouse believes the U.S. Securities and Exchange Commission (SEC) will approve exchange-traded funds (ETFs) for XRP, along with other cryptocurrencies, by next year.

In a recent interview, Garlinghouse discussed the changing landscape of crypto regulations in the U.S., attributing the shift towards approving crypto ETFs to the SEC’s string of court defeats. He pointed out the SEC’s approval of several Ethereum ETFs as evidence of this pragmatic approach.

Garlinghouse expressed frustration with the SEC’s previous stance, arguing the U.S. should be embracing these technologies, not hindering them. He highlighted the proactive approach of countries like the UK, Japan, and Singapore compared to the U.S.’s lagging regulations.

XRP ETF Approval Expected Despite Legal Dispute

While Ripple faces an ongoing legal battle with the SEC regarding XRP sales, Garlinghouse remains confident about XRP ETF approval. He referenced his previous statements at Consensus 2024, where he predicted approvals for XRP, Solana, and Cardano ETFs.

When pressed about the potential impact of the lawsuit, Garlinghouse acknowledged the SEC’s ability to create obstacles but downplayed their chances of successfully blocking XRP ETFs entirely. He emphasized the growing demand for broader crypto investment options, using a gold and silver analogy to illustrate the need for diversification beyond just Bitcoin and Ethereum.

Looking Ahead: XRP ETF in 2025?

Garlinghouse concluded by expressing his belief that an XRP ETF is inevitable, with a possible arrival date in 2025. This prediction hinges on the SEC’s continued shift towards a more practical approach to cryptocurrency regulation.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *