‘It’s a Certainty’ – Ripple CEO Brad Garlinghouse Says Other Crypto Assets Will Get Spot ETFs Just Like Bitcoin
The chief govt officer (CEO) of Ripple Labs is definite that different cryptos will observe in Bitcoin’s (BTC) footsteps on their approach to spot exchange-traded funds (ETFs).
In a brand new interview with CNBC, Ripple CEO Brad Garlinghouse says the potential of an Ethereum (ETH) ETF and others is a “certainty.”
“It’s a certainty. I’m not going to place a horizon on the time, however I believe there shall be different ETFs for certain. There shall be different ETFs for certain…”
Nevertheless, in keeping with the Ripple Labs CEO, the U.S. Securities and Change Fee (SEC) authorised a BTC ETF solely as a result of a court docket pressured its hand. Garlinghouse hopes different cryptos don’t have to leap via the identical regulatory hoops.
“The unhappy a part of that actuality is we now have a Bitcoin ETF solely as a result of a US court docket stated to the SEC, ‘You’re being arbitrary and capricious in your utility of the legislation.’ What could be unhappy is that if each ETF needed to undergo that very same journey, and for Gary Gensler to get smacked down by the US court docket system once more, that could be vital. However in some unspecified time in the future, I believe Gary Gensler gained’t be the chair of the SEC, and that’ll be factor for the American individuals.”
Garglinghouse’s Ripple has had its fair proportion of run-ins with the regulatory company. Final yr, a US decide decided that retail gross sales of XRP tokens don’t represent a safety providing, handing Ripple Labs a serious victory over the SEC in court docket.
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