Ripple Labs CEO Brad Garlinghouse is optimistic about the impact of spot Bitcoin ETFs on driving cryptocurrency demand and interest. As reported by CNBC, Garlinghouse also highlighted the positive effects of the upcoming halving on the crypto industry. With increasing demand and decreasing supply of crypto assets, values are expected to rise, fostering further growth and development.

Garlinghouse expressed confidence in the role of cryptocurrency ETFs in attracting “real institutional money” to the industry. He underscored the importance of these investments in integrating crypto assets into traditional finance and solidifying their position as a financial instrument.

The CEO emphasized the need for a regulatory framework for the industry in the United States. He suggested that changes in leadership resulting from the country’s presidential elections could lead to a more supportive stance toward digital assets. Garlinghouse also acknowledged the current administration’s negative stance on cryptocurrencies, particularly as seen in the SEC’s actions.

Ripple is currently engaged in a legal battle with the SEC, which demanded $2 billion from the company in March 2023. Despite these challenges, Garlinghouse remains optimistic about the future of the crypto industry and Ripple’s position within it.

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