Ripple CEO Garlinghouse Slams SEC as XRP ETFs Gain Traction

November 2, 2024 William Ross Business, Cryptocurrency News, Finance 0

Brad Garlinghouse xrp ripple (1)

The cryptocurrency market witnessed a considerable boost in institutional interest as prominent financial firms, including Bitwise Invest, Canary Funds, and 21Shares, filed S-1 forms for XRP Exchange-Traded Funds (ETFs). This move underscores the growing confidence in XRP as a viable investment asset.

The Q3 2024 XRP Markets Report has been released, highlighting noteworthy achievements and strategic partnerships over the past quarter. One of the standout milestones was the launch of the ETH ETF, which has garnered substantial attention and investment from the market.

Grayscale’s Strategic Moves – Major Financial Players Bet on XRP

Adding to the momentum, Grayscale has launched an XRP Trust and filed to convert its multi-asset fund, which includes XRP, into an ETF. These strategic moves by Grayscale highlight the increasing demand for diversified crypto investment products.

Ripple CEO Criticizes SEC’s Stance

Ripple CEO Brad Garlinghouse took to Twitter to express his views on the SEC’s ongoing legal battles with the cryptocurrency industry. He stated, “The SEC’s war on crypto has lost battle after battle – their continued disregard for the court’s authority will further erode the SEC’s credibility and reputation.”

See Also:  Crypto Whales Move Over $650 Million in Bitcoin and XRP in 24 Hrs Amid Market Volatility

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William Ross
About William Ross 264 Articles
I am a cryptocurrency enthusiast and writer with over five years of experience in the industry. I have been following the development and innovation of Bitcoin and Ethereum since their inception, and I enjoy sharing my insights and analysis with readers. I have written for various reputable platforms, such as CoinDesk, Cointelegraph, and Decrypt, covering topics such as market trends, regulation, security, and adoption. I believe that cryptocurrency is the future of finance and technology, and I am passionate about educating and informing people about its benefits and challenges.

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