Ripple CEO Brad Garlinghouse made a notable statement at the Consensus 2024 conference regarding the approval of spot ETFs for XRP, Solana, and Cardano. He expressed his belief that following the positive developments in Bitcoin and Ethereum spot ETFs, spot ETFs for XRP, Solana, and Cardano will inevitably be approved as well. Garlinghouse emphasized that it’s just a matter of time before these ETFs become a reality, stating, “there will eventually be an XRP ETF, there will be a Solana ETF, and there will be a Cardano ETF. And it’s going to be great.”
However, Garlinghouse acknowledged that there will likely be a lengthy regulatory approval process before the XRP, Solana, and Cardano ETFs are officially approved. He criticized the SEC’s ambiguous crypto regulations and emphasized the need for better regulatory clarity in the United States. Garlinghouse pointed out that despite being the world’s largest economy, the US currently lacks regulatory clarity in the crypto industry.
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