<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p>In an <a href="https://www.youtube.com/watch?v=Jr660yDZlHU&amp;ab_channel=BloombergTelevision">interview</a> 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.&nbsp;</p>
<p>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.&nbsp;</p>
<h2 id="ripple-s-legal-battles-and-regulatory-landscape">Ripple's legal battles and regulatory landscape</h2>
<p>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.&nbsp;</p>
<p>He pointed out that courts have consistently ruled against the SEC, including in Ripple's favor by determining that <a href="https://u.today/ripple-cto-explains-how-407-billion-xrp-in-escrow-can-be-burned">XRP</a> is not a security.&nbsp;</p>
<p>He remains hopeful for a future where regulatory clarity is achieved, either through SEC realization or congressional action.</p>
<p>"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."</p>
<h2 id="the-potential-for-an-xrp-etf">The potential for an XRP ETF</h2>
<p>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.&nbsp;</p>
<p>He sees the approval of a <a href="https://u.today/vanguard-left-bitcoin-etf-inflows-in-the-dust-nearly-1-billion-in-btc-vanishes-after-transfer-from">Bitcoin ETF</a> as a sign that the courts are willing to challenge the SEC's resistance.&nbsp;</p>
<p>"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."</p>

Ripple CEO Weighs In on XRP ETF Rumors

Table of Contents

U_Today

Other articles published on Feb 21, 2024

$CPOOL Spot Trading Launches on Bybit with Massive Prize Pool

Litecoin (LTC) Hovers Above Two-Year Support – Will it Hold?

HKMA sets new guidelines for digital asset custody and tokenization

3 Cryptocurrencies With a Potential to Rise 50x

JASMY Glowing Forecast: From Humble Gains to a Staggering $0.0893 in 2024

Anticipated Dates for XRP ETF and Ripple IPO

Join our free newsletter for daily crypto updates!