Ripple CEO Predicts XRP Will Emerge As a Top Winner In the Crypto Industry
During an interview on the Thinking Crypto podcast, Ripple’s CEO Brad Garlinghouse discussed various topics related to XRP ETFs, Ripple’s upcoming stablecoins, and U.S. crypto regulations. He emphasized that the U.S. government should not favour specific cryptocurrencies in the market, attributing the decline in XRP’s value to the SEC’s involvement in crypto regulation.
Overview of the Ripple CEO Interview
Garlinghouse suggested that the SEC’s intervention favoured Ethereum over XRP, leading to Ethereum surpassing XRP as the second-largest cryptocurrency by market capitalization.
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Garlinghouse acknowledged that despite the regulatory challenges, XRP is poised to emerge as one of the winners in the crypto market due to its regulatory clarity and strong use case for payments. He highlighted XRP’s speed, low cost, and scalability as compelling attributes for its utility in payments, indicating its potential for long-term success in the market.
Ripple CEO On SEC’s Action
Regarding the potential launch of an XRP ETF, Garlinghouse expressed concerns about the SEC’s actions, particularly the timing of its appeal notice and the XRP ETF filings. He questioned whether the SEC’s actions were intended to send a signal to the market and characterized the SEC as a rogue agency acting outside the law.
He pointed to the SEC’s warning to Bitnomial about its planned XRP futures contract and its classification of XRP as a security product, despite a federal court ruling declaring XRP a non-security. Garlinghouse criticized the SEC for using documents from a case it lost against Ripple to support its argument that XRP is a security without acknowledging the court’s decision.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
