Ripple CEO Supports XRP ETF, Urges for Clearer Crypto Regulation

Ripple CEO Brad Garlinghouse has expressed his support for an XRP exchange-traded fund (ETF), and has urged for clearer and more consistent regulation for the crypto industry. In a recent interview with Bloomberg TV, Garlinghouse shared his views on the current state of the crypto market, the ongoing legal battle with the SEC, and the future prospects of Ripple and XRP.

Ripple CEO Says XRP ETF Would Make Sense, Expects More to Come

Garlinghouse said that he would “certainly welcome” an XRP ETF, and that he expects more ETFs to emerge in the crypto space. He said that an XRP ETF would make sense, as it would provide investors with more exposure and diversification to the crypto market. He said:

I think it only makes sense. There will be other ETFs too. It’s a little like the earliest days of the stock market. You don’t really want exposure to one stock, or one company. You want to typically think about diversifying risk… and so I think we will see other ETFs

Garlinghouse did not reveal any details about the potential issuers or the timeline of an XRP ETF, but he said that he is optimistic about the future of the crypto industry, and that he believes that crypto is here to stay.

Ripple CEO Criticizes SEC’s Approach to Crypto Regulation, Hopes for Change

Garlinghouse also criticized the SEC’s approach to crypto regulation, and said that the agency has been inconsistent and unclear in its policies and actions. He said that the SEC has been using “regulation through enforcement”, rather than providing clear guidance and rules for the crypto industry. He said:

The SEC has lost consistently. They lost the Ripple case on everything they cared about. They lost the Grayscale case on everything they cared about. And so I think what you’re seeing is the SEC realizing that they’re losing, and they’re trying to find a way to save face

Garlinghouse said that he hopes that the SEC will change its attitude and leadership, and that he hopes that the US will regain its leadership position in crypto regulation. He said that the US is lagging behind other major countries, such as the UK, the EU, and Japan, in providing clear and consistent regulation for the crypto industry. He said:

I think it’s incredibly important that the US regain a leadership position around crypto regulation. We are behind other major countries like the UK. The European Union, as a 27-country membership, is ahead of us. Over 20% of the US population already has direct or indirect exposure to crypto and so it only makes sense it’s an issue

Garlinghouse also revealed that he has been supporting pro-crypto candidates and initiatives, and that he has donated to a super PAC, along with other crypto companies, to influence the US policymakers and regulators.

Ripple CEO Highlights Ripple’s Growth and Innovation, Despite Legal Challenges

Garlinghouse also highlighted Ripple’s growth and innovation, despite the legal challenges and uncertainties that the company has faced. He said that Ripple has been expanding its global presence and partnerships, and that it has been acquiring and launching new products and services. He said:

Everything we have done at Ripple has compliant first… this year, I think has to be a compliance-first mindset for all of the crypto industry. We have been growing our business globally. We have been acquiring companies. We have been launching new products. We have been innovating

Garlinghouse said that Ripple has acquired Standard Custody, a digital asset platform, to enhance its custody solutions and regulatory licenses. He also said that Ripple has acquired Metaco, a blockchain firm, to enable tokenization and smart contracts on the XRP Ledger. He also said that Ripple has launched a new program to help its customers reduce their carbon emissions, by offering them carbon-neutral XRP products.

Ripple CEO Brad Garlinghouse has expressed his support for an XRP ETF, and has urged for clearer and more consistent regulation for the crypto industry. He has also criticized the SEC’s approach to crypto regulation, and has hoped for a change in its attitude and leadership. He has also highlighted Ripple’s growth and innovation, despite the legal challenges and uncertainties that the company has faced. He has also revealed his pro-crypto donations and initiatives, and has shown his optimism for the future of the crypto industry.