Orhan 
Ripple CEO Brad Garlinghouse made statements that excited XRP investors in a recent announcement. He stated that an exchange-traded fund (ETF) based on XRP is inevitable.
Garlinghouse’s remarks left a significant mark on the crypto industry. He criticized the U.S. government’s negative stance towards cryptocurrencies, especially highlighting issues faced with banks.
Garlinghouse noted that the crypto sector is facing serious pressure in the U.S., revealing that Citigroup Inc. had ended their 25-year relationship. He mentioned that the bank gave him only five days to transfer his accounts, adding that prominent figures in the crypto industry are increasingly encountering such banking challenges.
He also shared that Citigroup officials told him that his prominence in the crypto industry had drawn greater attention from regulators.
Is the U.S. Government Creating a “Reign of Terror” in the Crypto World?
Brad Garlinghouse targeted U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler and the Biden administration in his statements. He argued that Gensler’s harsh stance towards the crypto industry is negatively impacting the sector. Garlinghouse also mentioned that agencies like the SEC and the U.S. Treasury Department exhibit a “hostile” attitude toward the industry, increasing uncertainty in the crypto space.
However, Garlinghouse expressed optimism that after the U.S. presidential elections, these policies could take a more positive turn. He suggested that post-election regulations might adopt a more constructive approach toward the crypto sector.
XRP ETFs Are Inevitable
Garlinghouse emphasized that XRP ETFs would bring significant momentum to the industry and offer great opportunities for investors. He noted that this development would especially benefit crypto companies outside the U.S. and stressed Ripple’s important role in this process.
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