- Ripple’s CEO has criticized SEC regulations and demanded clear U.S. crypto regulations.
- Some expect Solana, XRP, and other crypto-ETFs to be joining the bandwagon in the near future
Spotlight Ethereum [ETH] There has been much talk recently about the SEC changing its stance on crypto. But with Joe Biden as President vetoing Presently, it seems that the SEC SAB 121 policy will not be repealed as promised.
Ripple is a crypto-adoption step.
Cryptocurrency is still a viable option despite the challenges. Ripple’s Fairshake’s $25 million investment shows its commitment to driving crypto adoption and blockchain.
Ripple’s Brad Garlinghouse, CEO of the company in recent times, reflects on similar issues. interview during Consensus 2024 noted,
“It’s important that the US is competitive when it comes to the policy and regulatory environment in all things crypto. However, the SEC and Gensler have sown confusion by filing lawsuits that sometimes even contradict each other.”
Garlinghouse’s remarks made clear that old-fashioned politicians might not be considered in a changing world. financial Landscape that includes Crypto
What is the future of XRP?
Garlinghouse went on to talk about the possibility of creating an ETF that would cover all major cryptocurrencies, including Solana [SOL], Cardano [ADA]The XRP currency is also a good option.
The exec said:
“I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great.”
Garlinghouse’s not the only person to make this suggestion. Just recently, CNBC ‘Fast Money’ trader Brian Kelly Solana’s suggestion that he was a terrorist triggered a heated debate about X [SOL] Could be? next In the United States, cryptocurrency will have its own ETF.
Cathie Wood CEO of ARK Invest echoed the same sentiments when she said that Ether ETFs are a sign that cryptocurrency has now become a political issue.
Crypto-related role in U.S. elections
These recent developments show that the U.S. has made significant progress in the adoption of crypto despite SEC overreach. Particularly in light of the forthcoming presidential election.
Garlinghouse, in fact, agreed with Wood’s claims.
“Seeing crypto becoming a presidential topic isn’t a surprise for me.”
Ripple’s CEO, who is not only motivated by political reasons, also feels that Gensler’s misguided approach to regulation has caused the SEC to be unfair towards the cryptocurrency industry. He believes, too, that the United States’ lack of clarity on regulatory matters is an important barrier for individuals as well as institutions looking to get into the rapidly growing digital assets market.
The Executive concluded by stating,
“It’s critical that the U.S catch up with other leading economies and develop sensible (and CLEAR) rules for crypto.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: ambcrypto.com