Ripple CEO Predicts Inevitable Approval of XRP, Solana and Cardano ETFs

Despite facing significant regulatory challenges, Ripple's CEO Brad Garlinghouse predicts that ETFs for XRP, Solana and Cardano will inevitably be approved. Garlinghouse criticized the U.S. Securities and Exchange Commission (SEC) for its vague regulations on cryptocurrencies, emphasizing that the United States needs better regulatory clarity. He stated that more cryptocurrency exchange-traded funds (ETFs) are coming soon; it's only a matter of time before we see XRP ETFs, Solana ETFs and Cardano ETFs. Recently, Ethereum ETF has made sudden and unexpected progress with key application documents already approved by the SEC.

Garlinghouse said these ETFs would go through major regulatory approval processes before being approved but ultimately these would all be "speed bumps". He also protested against the lack of regulatory clarity in Washington. He believes that as the world's largest economy, the United States ranks at "the bottom tenth percentile" in terms of regulatory clarity. He also mentioned that last year 75% of Ripple's hires were outside of America while this year it is about 60%, with main offices located in London, Geneva and Singapore. These hiring trends reflect Ripple’s focus on regulatory clarity and customer location.