In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse expressed confidence in the U.S. Securities and Exchange Commission's (SEC) eventual approval of spot XRP exchange-traded funds (ETFs) next year. Garlinghouse emphasized the inevitability of such approvals, citing the SEC's evolving approach to cryptocurrency regulations following several legal battles.

Discussing the broader landscape of cryptocurrency regulations in the United States, Garlinghouse highlighted the SEC's shift towards pragmatism, particularly evidenced by the recent approval of 19b-4 forms for eight spot ethereum ETFs. He noted the regulatory body's realization that protracted resistance could lead to similar outcomes as seen with bitcoin ETFs.

Expressing frustration at the necessity of legal battles to achieve positive regulatory outcomes, Garlinghouse underscored the importance of the United States embracing cryptocurrency technologies. He lamented the country's lag behind other nations such as the UK, Japan, Singapore, and Switzerland in fostering crypto innovation.

Ripple's recent donation of $25 million to the Fairshake Super Political Action Committee (PAC), along with contributions from Coinbase and Andreessen Horowitz, aimed to support crypto-friendly candidates and influence crypto regulations positively in the U.S.

Despite ongoing legal disputes between Ripple and the SEC regarding the sale of XRP, Garlinghouse remains optimistic about the eventual approval of XRP ETFs. He argued that while the SEC may complicate matters, its track record in court battles suggests a challenging road ahead rather than an insurmountable barrier.

Echoing sentiments shared at the Consensus 2024 conference, Garlinghouse stressed the importance of diversified crypto exposure, advocating for ETFs covering various cryptocurrencies beyond just bitcoin and ether. He predicted the emergence of ETFs for assets like XRP, solana, and cardano in the coming years.

When pressed on the timeline for XRP ETF approvals, Garlinghouse suggested a potential timeframe around 2025, echoing his earlier remarks made at the Consensus conference. He emphasized the necessity of expanding investment opportunities beyond singular assets to meet investor demand for diversified exposure in the crypto market.