At the recent Swell conference, Ripple CEO Brad Garlinghouse discussed the growing interest in XRP exchange-traded funds (ETFs).

Ripple's Role in ETF Developments

Garlinghouse explained that the nature of digital assets allows anyone to create an ETF without Ripple's participation. Ripple supports and advocates for more XRP ETFs, seeing them as beneficial for the ecosystem.

Regulatory Hurdles: The SEC’s Influence

Garlinghouse expressed concerns about the SEC's potential to block XRP ETF applications. He pointed out that the SEC filed an appeal shortly after two XRP ETF applications were submitted, suggesting this might be a market signal. He criticized the SEC's stance, noting a federal judge had ruled XRP is not a security, yet the SEC asserts otherwise. quote: {"CITE_W_A": "I think the SEC is acting outside of the law. This is not ethical behavior.", "author": "Brad Garlinghouse"}

Future Regulation and Hopes for Change

Garlinghouse expressed hope for changes in SEC leadership and a better regulatory environment. He argued that the SEC's current strategies cause frustration among crypto companies and limit their access to banking services.

Garlinghouse hopes for clearer regulatory policies and positive changes in the future, facilitating the development of XRP ETFs and helping the industry.