Ripple CEO Weighs In on XRP ETF Rumors

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Con­tents

In an exclu­sive inter­view with Bloomberg, Rip­ple CEO Brad Gar­ling­house addressed the swirling rumors sur­round­ing the poten­tial launch of an XRP exchange-trad­ed fund (ETF) and shared his insights on the cur­rent state of cryp­tocur­ren­cy regulation. 

Gar­ling­house stressed that Rip­ple’s recent legal vic­to­ries against the Secu­ri­ties and Exchange Com­mis­sion (SEC) were a turn­ing point and empha­sized the need for clear­er rules in the sector. 

Ripple’s legal battles and regulatory landscape

Dur­ing the inter­view, Gar­ling­house detailed Rip­ple’s con­fronta­tions with the SEC, not­ing the agen­cy’s approach of reg­u­la­tion through enforce­ment rather than pro­vid­ing clear guide­lines for the industry. 

He point­ed out that courts have con­sis­tent­ly ruled against the SEC, includ­ing in Rip­ple’s favor, deter­min­ing that XRP is not a security. 

He remains hope­ful for a future where reg­u­la­to­ry clar­i­ty is achieved, either through SEC real­iza­tion or con­gres­sion­al action.

“They have lost con­sis­tent­ly. They lost the Rip­ple case on every­thing they cared about,” he stat­ed. Gar­ling­house expressed opti­mism for reg­u­la­to­ry progress, not­ing, “It stops, I think, when the SEC either real­izes they’re los­ing con­sis­tent­ly, or you have Con­gress lean in and write new legislation.”

The potential for an XRP ETF

On the top­ic of an XRP ETF, Gar­ling­house expressed opti­mism, draw­ing par­al­lels to the ear­ly days of the stock mar­ket where diver­si­fi­ca­tion was key to man­ag­ing risk. 

He sees the approval of a Bit­coin ETF as a sign that the courts are will­ing to chal­lenge the SEC’s resistance. 

“I think it only makes sense there will be oth­er ETFs too,” he said. Despite not con­firm­ing spe­cif­ic dis­cus­sions, Gar­ling­house expressed Rip­ple’s sup­port for an XRP ETF: “We would cer­tain­ly wel­come it. And I think it’s inevitable that there’ll be, you know, mul­ti­ple ETFs around dif­fer­ent tokens.”

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