Highlights:
- Ripple CEO Brad Garlinghouse discussed the future of cryptocurrencies in a Fox Business interview. He mentioned the potential for XRP ETFs.
- Despite challenges from the US Securities and Exchange Commission (SEC), Garlinghouse remains hopeful.
- Ripple President Monica Long is also optimistic about the possibility of an XRP ETF, emphasising its potential value.
Predicting the next move in the crypto market is a challenging, yet daring task. However, experts read certain symbols to develop an idea of what the future has in store. During an interview on Fox Business, Ripple CEO Brad Garlinghouse discussed his thoughts on the future of cryptocurrencies. He talked about the possible introduction of XRP ETFs.
Garlinghouse’s expectations stem from the recent introduction of Bitcoin and Ethereum ETFs. He thinks it is very likely that other cryptocurrencies, such as XRP, will have ETFs by 2025.
Ripple CEO Brad Garlinghouse’s Statement
Brad Garlinghouse made headlines last week by claiming that ETFs for various cryptocurrencies, such as Solana (SOL) and Cardano (ADA), are unavoidable. He likened this development to the progression seen in traditional commodities, indicating the market’s trend towards wider exposure. When questioned about the challenges posed by the US Securities and Exchange Commission (SEC), Garlinghouse acknowledged the difficulties but remained hopeful. He also criticised the SEC’s inconsistent stance, particularly their contradictory approach towards Ethereum.
Despite regulatory obstacles, Garlinghouse believes the regulatory landscape is improving. He noted that countries like the UK, Japan, Singapore, and Switzerland are ahead of the US in their regulatory measures. Garlinghouse also discussed the political influences on the crypto market. He pointed out that the growing interest from political figures, including Trump’s campaign, indicates a significant shift.
Ripple President Echoed
It seems that Ripple President Monica Long is also hopeful about the possibility of an XRP exchange-traded fund (ETF), emphasising its potential value. In a discussion with Arjun Kharpal in Amsterdam, Long highlighted the company’s growing success. She mentioned the increased demand for RWA tokenization and their move into the stablecoin market. Long also talked about the rising institutional interest in cryptocurrencies, noting the recent approval of Bitcoin and Ethereum ETFs in the US. She pointed out that traditional players could enter the market through ETFs and the tokenization of real-world assets.
Long explained that the current value of stablecoins is $160 billion but is expected to grow to $3 trillion in the next few years. This growth is driven by the demand for easy access to US dollars and efficient global payments. Ripple plans to introduce a trusted US dollar stablecoin, leveraging its 10-year history as a compliant and trusted enterprise. The launch of the stablecoin is expected later this year. Ripple is actively working on banking and distribution relationships, compliance, and the interaction between the stablecoin and XRP. Long also suggested that an XRP ETF could be a logical next step, given XRP’s regulatory clarity and strong market position.
Final Words
Therefore, both the president and the CEO of Ripple, have spoken great words of encouragement about XRP ETF’s arrival. Both echoed the same belief and sentiment. However, the crypto world is both volatile and unpredictable. Therefore, it remains to be seen what finally turns out. Yet, the hopeful words from the experts have breathed in a new life in the XRP enthusiasts.
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