The CEO of Ripple, Brad Garlinghouse, speaks confidently about the future of Ripple (XRP). In an interview with Bloomberg, he indicated that the XRP is ready for an important role in the American crypto reserve and that the approval of an XRP-ETF seems just a matter of time.
XRP in strategic American cryptor reserve
Garlinghouse confirmed that he believes that in addition to a bitcoin reserve, there will also be a broader cryptor reserve in which several leading cryptos are included. He emphasized that this reserve will be formed by seized crypto currency, including XRP. “As far as I know, there will be a strategic bitcoin reserve, and a broader cryptor reserve in which other crypto coins will be represented. I expect XRP to be part of it,” ”
According to Garlinghouse, the current American policy on cryptos has changed considerably. Where Ripple did not respond to policy makers before, the company is now welcome in Washington. According to him, this change of course opens the door for XRP not only to be part of the cryptor reserve, but also of official investment products. “At the time we were not hearing at the White House, now we are welcome.”
XRP ETF in sight
Garlinghouse showed himself positive about the possibility of a XRP -based ETF. He expects that these products may receive approval in the second half of this year, partly due to the increasing interest of investors. “I have a lot of faith in the ETF. There are currently eleven applications in the SEC to launch XRP ETFs.
The American stock market watchdog SEC decided earlier this week to withdraw the appeal against Ripple. This marks an important legal turning point for the company and strengthens confidence in XRP’s role within the financial system of the US. According to Garlinghouse, XRP is now better positioned than ever to break through in both institutional markets and official financial infrastructures.
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Source: https://newsbit.nl/ripple-ceo-xrp-klaar-voor-rol-in-amerikaanse-crypto-reserve-en-etf-markt/
