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Cryptocurrency continues its stride towards mainstream finance as Ripple’s CEO, Brad Garlinghouse, predicts the approval of numerous crypto-specific exchange-traded funds (ETFs), including those for XRP, Solana, and Cardano. This optimism follows the recent progress of Ethereum ETFs, which received key approvals, signaling a growing acceptance within regulatory frameworks.
Despite the advancements, Garlinghouse highlights a significant need for clearer regulations in the U.S., criticizing the current guidelines as outdated and inadequate for the evolving crypto landscape. The tension is underscored by SEC Chair Gary Gensler’s reluctance to classify ether definitively, reflecting a broader ambiguity affecting the sector’s growth.
Furthermore, the shifting focus of Ripple’s operations—with a considerable portion of new hires being stationed outside the U.S.—illustrates a strategic adaptation to these regulatory challenges. Garlinghouse asserts that achieving a more transparent regulatory environment in the U.S. is crucial for the future of cryptocurrency and its integration into global economies.
