Ripple CEO sees ETFs of the two cryptocurrencies with XRP as inevitable.

Attending the Consensus 2024 Conference, #Ripple CEO Brad Garlinghouse claimed that the next crypto ETFs will be XRP, #Solana and #Cardano ETFs in response to regulatory issues.

Highlighting the regulatory challenges for the crypto market, Garlinghouse argued that there is a need for clarity for the sector and the issuance of ETFs for XRP, SOL and ADA will be inevitable.

In his speech at Consensus 2024, Ripple CEO Brad Garlinghouse pointed out that a new era of crypto ETFs will begin with the stabilization of spot Bitcoin ETFs and the recent launch of spot #Ethereum ETFs. Garlinghouse was very hopeful that, based on the current trend, the next ETF products could be XRP, SOL and ADA-backed.

On the other hand, Ripple CEO, who does not ignore that there will be regulatory difficulties in this process, thinks that there is no insurmountable problem for these ETFs. Because it is thought that crypto assets have recently gained general acceptance in traditional financial markets.

The future of #XRP is eagerly awaited

XRP continues to be significantly affected by Ripple's lawsuit with the SEC. While there have been notable developments this year in the case, which is seen as the biggest obstacle to cryptocurrency, it is thought that the process has finally come to an end.

Market participants think that if Ripple survives the lawsuit with minimal damage, XRP can gain a significant increase in value. So much so that Ripple has important promises related to XRP after the conclusion of its case with the SEC.

Garlinghouse emphasizes regulatory clarity

While addressing regulatory challenges, Brad Garlinghouse lamented that the SEC lacks clear regulations on the crypto space. Citing the SEC as an example, which refrained from making a clear statement about whether the asset was a security or not, even regarding Ethereum, which received Spot ETF approval, Garlinghouse described this uncertainty as a big problem.
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