Ripple CEO: Multiple ETFs around different tokens are inevitable

Ripple CEO Brad Garlinghouse discussed XRP ETF rumors and the need for clearer cryptocurrency regulations in an interview with Bloomberg. Garlinghouse stated that Ripple's recent legal victory against the US Securities and Exchange Commission (SEC) was a turning point and emphasized the need for clearer rules in the industry. He provided details on Ripple's legal battle with the SEC, pointing out that the agency regulates through enforcement rather than providing clear guidance for the industry. He noted that the courts have consistently ruled against the SEC, including Ripple's victory in which XRP was deemed not a security. Garlinghouse believes that this situation will stop when the SEC realizes that they have been consistently failing or when Congress intervenes and enacts new legislation.

Additionally, Garlinghouse believes that the emergence of other ETFs is also significant. He expressed Ripple's support for an XRP ETF and stated that they would welcome it. He also believes that multiple ETFs around different tokens are inevitable.