Ripple CEO Signals Openness to XRP Exchange-Traded Funds(ETFs)

Ripple CEO Signals Openness to XRP Exchange-Traded Funds 

New Delhi(Coinchapter): In a recent interview with Bloomberg TV, Ripple CEO Brad Garlinghouse discussed the company’s ongoing legal battle with the Securities and Exchange Commission (SEC). He also expressed openness to XRP exchange-traded funds (ETFs). Topics spanned from Ripple’s high-stakes legal fight with the SEC to the company’s regulatory compliance efforts.

Lawsuits Continue But Ripple Sees Progress

Garlinghouse began by addressing Ripple’s long-running legal dispute with the SEC, which alleges the company’s periodic sales of XRP constitute an ongoing illegal securities offering. While acknowledging uncertainties around the timeline for resolution, Garlinghouse cited Ripple’s repeated wins in court so far. 

“The court determined that XRP is not in and of itself a security. The SEC has lost consistently. They lost the Ripple case on everything they cared about,” 

Though the SEC could still appeal, Garlinghouse positioned the decisions as victories stymieing regulators attempting to bring enforcement actions without providing more concrete crypto guidance.  

Garlinghouse is ready to welcome XRP ETF

The conversation then shifted to speculation around potential XRP exchange-traded funds (ETFs). The possibility of SEC-approved ETFs tracking major cryptocurrencies has long intrigued investors. Even before the bitcoin ETFs got regulatory approval, the XRP community has been particularly eager for potential XRP-based ETF offerings.

In past interviews, Garlinghouse demurred when asked about possible XRP ETFs. He refused to comment on the launch of XRP ETF, citing other priorities for Ripple amid uncertain regulations. However, he struck a different tone this time when addressing the topic.

We would certainly welcome it. It only makes sense there will be other ETFs too… the earliest days of the stock market. You want to typically think about diversifying risk.

The Ripple CEO said.

His comments suggest shifting openness to XRP’s further mainstream integration despite persistently muddy regulatory waters.

Ripple’s Commitment to Regulatory Compliance

More broadly, Garlinghouse spotlighted Ripple’s sustained commitment to regulatory compliance and collaboration. He highlighted the company’s acquisition of crypto custody provider Standard Custody and argued compliance readiness underpins all of Ripple’s offerings. 

“Everything we have done at Ripple has [put] compliant first,” he said, adding that all crypto firms should embrace a compliance-centric mindset in the year ahead as regulation ramps up globally.

Garlinghouse also addressed political advocacy efforts, such as involvement in a PAC supporting crypto-friendly policymakers. 

I think it’s incredibly important that the US regain a leadership position around crypto regulation.

He singled out Senator Elizabeth Warren’s stance that cryptocurrencies circumvent AML and KYC laws, rejecting that claim and arguing for measured policy versus blanket opposition.

Amid positive speculation around XRP ETF, the price of XRP token is up by 4.7% when compared to its price 7 days ago. Currently, token is trading at $0.5477 with a market cap of $29,880,097,864.

XRP ETF, Ripple CEO Signals Openness to XRP Exchange-Traded Funds(ETFs)
XRP/USD Price Chart. Source: CoinGecko

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