Brad Garlinghouse, CEO of Ripple, addressed the potential approval of ETFs for XRP, Solana, and Cardano at Consensus 2024 in Austin, Texas, stressing the inevitability of overcoming current regulatory barriers. Garlinghouse forecasted the approval of XRP, Solana (SOL), and Cardano (ADA) ETFs in the near future, following the path set by BTC and ETH ETFs.

Significant strides in ether ETF approvals by the U.S. Securities and Exchange Commission were highlighted by Garlinghouse and Cathie Wood, CEO of ARK Invest, attributing the progress to the growing political impact of cryptocurrency. Despite regulatory challenges, Garlinghouse emphasized the urgent need for transparent regulations and criticized the SEC's regulatory ambiguity.

Garlinghouse criticized the U.S. regulatory landscape for lacking clarity, questioning the applicability of outdated standards such as the Howey Test in the digital era. He expressed dissatisfaction with the SEC's regulatory stance and emphasized Ripple's international recruitment strategy to navigate regulatory uncertainties.

In his concluding statements, Garlinghouse emphasized the pivotal role of establishing clear regulatory guidelines in the United States to foster the growth of the cryptocurrency industry.