Bloomberg Talks
Ripple CEO Brad Garlinghouse says an XRP ETF Is ‘Inevitable’
Oct 23, 2024
Brad Garlinghouse, CEO of Ripple, discusses the cryptocurrency landscape and the urgent need for clear regulations to foster innovation. He believes the launch of an XRP spot ETF is inevitable, especially as interest grows among asset managers. The conversation also touches on Ripple's ongoing legal battle with the SEC and the implications it has for the company and the crypto market. Garlinghouse emphasizes the importance of regulatory clarity and highlights Ripple's initiatives in the evolving world of stablecoins.
08:32
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Quick takeaways
- The Ripple CEO emphasizes the need for clear regulations in the U.S. to catch up with global standards for crypto.
- Growing institutional interest in XRP ETFs signals an anticipated surge in market participation and potential price increases.
Deep dives
Future of Crypto Regulation
The current political landscape is influencing the regulation of the crypto industry in the United States. The Biden administration's approach is under scrutiny, with indications that the regulatory framework will become more constructive regardless of which political party leads. Ripple's CEO underscores the necessity for clear regulations, pointing out that the U.S. is lagging behind countries like the U.K. and Japan, which have established more defined rules. There is a growing sentiment for a reset that could enhance the crypto ecosystem, benefiting innovation and consumer protection.
