During a recent live stream, Ripple CEO Brad Garlinghouse shared an optimistic prediction about the future of cryptocurrencies, specifically focusing on investment funds (ETFs) associated with XRP. Garlinghouse confidently stated that XRP ETFs are bound to happen, and he even suggested that they could be implemented as early as 2025. This bold statement signifies a major shift in the regulatory and investment landscape for digital currencies.
Ripple has been actively collaborating with industry giants like Coinbase and asset manager Grayscale to spearhead an initiative aimed at urging the U.S. Securities and Exchange Commission (SEC) to update their regulations pertaining to cryptocurrencies. This campaign is part of a larger strategy to integrate digital assets into the traditional financial market, ultimately making it easier to create financial products such as ETFs.
However, Ripple is not without its challenges. The company is currently facing significant legal hurdles, including a potential $2 billion fine from the SEC. This setback stems from a recent court ruling that deemed Ripple’s sales of XRP to institutional investors as illegal. This contentious issue highlights the ongoing regulatory obstacles within the cryptocurrency ecosystem.
Despite these challenges, Garlinghouse’s outlook for 2025 reflects cautious optimism, signaling a potential turning point in the recognition and acceptance of cryptoassets by global regulatory authorities. The development of XRP ETFs could not only expand investment opportunities, but also provide further validation for cryptocurrencies as a legitimate and regulated asset class.
At the time of writing, the price of XRP was quoted at US$0.5252, reflecting a 1% increase in the last 24 hours.
Disclaimer: The opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and should not be considered financial or investment advice. Investing or trading cryptocurrencies carries the risk of financial loss.
Editor’s Choice: Brad Garlinghouse Believes XRP, Cardano, and Solana ETFs are Inevitable
Update on the Ripple vs SEC Lawsuit: Details
