During a recent live broadcast, Ripple’s CEO, Brad Garlinghouse, shared an optimistic prediction about the future of cryptocurrencies, particularly XRP-linked investment funds (ETFs). Garlinghouse expressed a strong belief in the inevitability of XRP ETFs and suggested that they could be implemented by the year 2025. This forecast indicates a potential significant change in the regulatory and investment landscape for cryptocurrencies.
Ripple has been working alongside industry giants like Coinbase and asset manager Grayscale to push for updates to the U.S. Securities and Exchange Commission’s (SEC) regulations regarding cryptocurrencies. This collaborative effort is part of a broader strategy to integrate cryptocurrencies into the traditional financial market, facilitating the creation of financial products such as ETFs.
However, Ripple is currently facing legal challenges, including the possibility of a $2 billion fine from the SEC. This setback arises from a recent court ruling that found Ripple guilty of illegal sales of XRP to institutional investors. This controversy highlights the ongoing regulatory hurdles faced by the cryptocurrency ecosystem.
Despite these obstacles, Garlinghouse’s outlook for 2025 reflects cautious optimism, suggesting 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 further legitimize cryptocurrencies as a regulated and legitimate asset class.
As of the time of publication, the price of XRP stands at US$0.5252, with a 1% increase in the last 24 hours.
Disclaimer: The opinions expressed in this article are purely for informational purposes and do not constitute financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Editor’s Choice: Brad Garlinghouse believes that XRP, Cardano, and Solana ETFs are inevitable. The Ripple vs. SEC lawsuit is also progressing, with further details to come.
