#RippleLabs CEO #BradGarlinghouse believes that it is only a matter of time before the company launches an exchange-traded fund for $XRP
.

In an interview with #Bloomberg Television, Garlinghouse expressed confidence that the XRP ETF will eventually be approved, which would be a major milestone for Ripple amid its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

“It's inevitable,” Garlinghouse said, noting the growing demand for cryptocurrency-backed ETFs and the massive influx of funds into bitcoin ETFs following their approval earlier this year.

“Since bitcoin-backed funds were first approved in January, $17 billion has flowed into the fastest-growing ETF in history,” Garlinghouse said. - This clearly shows that there is demand from organizations and retailers to access this asset class.”

Earlier in October, Bitwise Asset Management Inc. became the first firm to file with the SEC for an ETF tracking XRP, currently the world's seventh-largest cryptocurrency. Shortly afterward, Canary Capital Group, a digital asset-focused investment firm founded in September, also filed for a similar product, the Canary XRP ETF.

Garlinghouse said the approval of cryptocurrency ETFs #signals a trend toward greater institutional participation in the digital asset space: “It puts upward pressure on the prices of a lot of different cryptocurrencies, including XRP,” he said. * Not investment advice.

Ripple CEO Brad Garlinghouse recently shed light on the underlying factors that have led to the reluctance of US banking institutions to fully adopt cryptocurrencies, particularly XRP, despite Ripple’s significant legal victory against the Securities and Exchange Commission (SEC).
Speaking at the DC Fintech Week conference, Garlinghouse emphasized that US banks remain cautious about engaging with digital assets due to the broader governmental stance towards the crypto industry.
He specifically pointed to the prevailing hostility from authorities, including the Options Clearing Corporation (OCC), which has made banks hesitant to embrace crypto despite Ripple’s legal success.
Governmental Hostility Hinders Meaningful Engagement
Garlinghouse highlighted the concerns raised by banks, stating, “Even though you won the case, the United States government is still hostile towards crypto. The OCC is hostile towards crypto.” This sentiment has resulted in a lack of meaningful engagement by US banks in the crypto space, as they remain skeptical of the regulatory environment.
Expressing his concerns, Garlinghouse highlighted the potential consequences of the United States failing to provide a conducive regulatory environment for the crypto industry.
He pointed to other countries, such as the United Arab Emirates and the United Kingdom, which are actively advancing their market share by adopting clear policies and attracting significant crypto-related investments.
“I don’t think the window has passed for the US to be a leader. But I think every day that goes by, these other markets, they want the entrepreneurs there, they want growth,” Garlinghouse cautioned.
Ripple’s Strategic Focus Shifts Outside the US
Despite the challenges faced in the US, Garlinghouse expressed optimism about establishing a beneficial regulatory framework for crypto within the next decade. In the meantime, Ripple intends to redirect its growth efforts outside the United States, where the operational environment is more favorable and supportive.
“Why would I want to hire more and more people in the United States when the US is making it hostile for me to operate here?” Garlinghouse questioned.
Yassin Mobarak, founder of Dizercapital, echoed Garlinghouse’s sentiment, suggesting that widespread crypto adoption may not occur under the current US administration.
Mobarak believes that a different administration in the White House may be necessary to witness substantial adoption of XRP and cryptocurrencies as a whole within the United States.

Clear and Supportive Regulation Crucial for Crypto Growth
Garlinghouse’s comments underline the critical importance of clear and supportive regulation for the growth and adoption of cryptocurrencies.
The United States has a unique opportunity to position itself as a leader in the global crypto economy. However, to achieve this, it must provide the industry with the much-needed clarity and regulatory certainty it requires to thrive.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple #BradGarlinghouse #XRP $XRP

#Ripple💰 isn't backing down! After the SEC filed its appeal, Ripple hit right back with a cross-appeal. Their Chief Legal Officer, Stuart Alderoty, says they're leaving no stone unturned to ensure victory. He even teased that SEC Chair #gensler is set for another defeat, calling it a "misguided attack" on the crypto industry. 🥊

Ripple CEO #BradGarlinghouse also jumped in, accusing the SEC of creating chaos instead of providing clarity for the US crypto market. He’s confident Ripple will win again, crushing the SEC’s "regulation-by-enforcement" tactics. 🏆

And guess what? $XRP
’s price jumped 2% right after the news! 🚀 Could Ripple’s legal victories lead to bigger gains for #Xrp🔥🔥 holders?
#10MTradersLeague

#Ripple💰 is yet to get into the specifics of its cross-appeal
San Francisco-based enterprise blockchain company Ripple has filed a cross-appeal of the court's final judgment. 
As reported by @WISE MOONBIX , Ripple was ordered to pay a $125 million fine by Judge Analisa Torres in August. 
The SEC filed its own notice of appeal in the Ripple case earlier this month. 
For now, however, it is not clear what exactly the regulator is going to appeal. Many have speculated that the SEC might target the July 2023 ruling, which recognized secondary #Xrp🔥🔥 sales as non-securities. 
SEC Sued by Crypto Giant
The specifics of the SEC's appeal and Ripple's cross-appeal will become known once the two companies file their respective opening briefs. 
The $XRP
price is currently changing hands at $0.54, according to CoinGecko data. 
"Sealing the SEC's fate"  
According to Stuart Alderoty, chief legal officer at Ripple, the cross-appeal is meant to ensure that nothing is left on the table. At the same time, he has noted that the SEC is not going to appeal the ruling that the XRP token is a non-security. 
Alderoty believes that Ripple will go after Ripple's XRP sales on #exchanges and the company's other distributions of the token. "They’ll likely go after these again - and they will lose on both again," he added. 
Ripple CEO #BradGarlinghouse has slammed the agency for "creating havoc," adding that his company is looking forward to "sealing the SEC's fate." "Ripple was the industry leader in the first go-round in court and we look forward to leading the way in this round as well," Garlinghouse said.      
#moonbix

Ripple Labs is progressing toward launching its USD-pegged #stablecoin , RLUSD, with 1.7 million #tokens minted recently. Although there's no set launch date, the rapid minting activity suggests we're close. 🧐

CEO #BradGarlinghouse hinted at a public release in the coming weeks, positioning #RLUSD to compete with established stablecoins like USDT and $USDC
. 💰

Regulatory approval is a key hurdle, as Ripple seeks to avoid issues with US authorities.
#BinanceLaunchpoolHMSTR

Ripple CEO, Brad Garlinghouse, recently shared his views on elections and voter expectations, emphasizing that voters increasingly care about cryptocurrencies, including Ripple’s native token, XRP.
Voter Interest in Crypto and XRP
In a post on X, Garlinghouse wrote: "Voters care about crypto – they care about XRP – this is not a fringe issue. They want real policy that drives innovation and creates jobs."
His statement was accompanied by a viral video where a voter asked Elon Musk, CEO of SpaceX and Tesla, about the future of XRP in light of the recent SEC crackdown on cryptocurrencies. Musk avoided making any specific mention of XRP, saying he neither supports nor criticizes it, but added: "I believe that cryptocurrencies inherently contribute to individual freedom."
Candidates Ignoring Crypto Risk Losing Support
Garlinghouse also warned that candidates who ignore crypto and blockchain technology risk losing support from an informed and growing voter base.
Cryptocurrency has become a central theme in several election campaigns this season. Both voters and the crypto industry are looking forward to relaxed, crypto-friendly policies from the next administration. As a result, both presidential candidates, Donald Trump and Harris, are doing everything they can to appeal to this particular voter base.
Ripple Plays Both Sides
As crypto companies try to win over the next administration, Ripple is diplomatically playing both sides. On one hand, Ripple co-founder Chris Larsen donated $10 million to Harris’ campaign and affiliated organizations, while CTO David Schwartz recently supported Trump in his legal battle.
Since June, Trump has also received about $7.5 million in cryptocurrency donations, with a significant portion coming from Ripple and other crypto companies.
#CryptoIndustry , #BradGarlinghouse , #Ripple💰 , #donaldtrump , #ElonMusk.

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“