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International Business Times
International Business Times
Business
Nica Osorio

Crypto, Ether ETF 'A Certainty': Ripple CEO Calls Gensler's Regulatory Strategy A 'Political Liability'

Ripple Brad Garlinghouse ETF Bitcoin SEC Gary Gensler Crypto United States XRP Ethereum
Crypto Mass Adoption? It's When, Not If – with Brad Garlinghouse, Ripple CEO, at Collision 2022 (Credit: YouTube Screenshot/ Ripple Official YouTube Chanel)

KEY POINTS

  • Brad Garlinghouse anticipated that cryptocurrencies like Ether will follow Bitcoin's path toward ETFs
  • The Ripple CEO criticized the SEC's approach to cryptocurrency regulation
  • XRP was trading at $0.5751 as of 2:10 a.m. ET on Wednesday

Brad Garlinghouse, CEO of blockchain company Ripple Labs, has predicted that cryptocurrencies such as Ether will mirror Bitcoin's progression toward spot exchange-traded funds (ETFs) and critically assessed the regulatory approach of SEC Chairman Gary Gensler, saying that his frequent legal interventions have made him a "political liability."

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