In a recent interview, Ripple's CEO, Brad Garlinghouse, expressed his views on the current state of the crypto industry. Garlinghouse described the present moment as a "magical time to be alive" when asked about his thoughts on recent crypto developments by CNBC's MacKenzie Sigalos.

During the interview, Garlinghouse discussed several key topics, including the SEC's recent approval of a spot Ethereum ETF, Gary Gensler's ongoing role as SEC Chair, and President Biden's veto of SAB 121. He highlighted the growing institutional involvement in crypto, noting the election of leaders who are supportive of crypto, innovation, and consumer protection to important positions.

Regarding the SEC's Ethereum ETF approval, Garlinghouse believed it was a matter of time, as the SEC has been approving Bitcoin and Ethereum futures ETFs for some time. However, he expressed disappointment over President Biden's veto of SAB 121, a move that Garlinghouse believes will have negative consequences for the crypto industry.

Garlinghouse also called for the Biden administration to replace Gary Gensler as SEC Chair, citing concerns over Gensler's approach to regulating the crypto industry. He argued that Gensler's actions have created uncertainty and stifled innovation in the sector.

Overall, Ripple's CEO remains optimistic about the future of crypto, despite the challenges posed by regulatory uncertainty and political headwinds. He believes that the industry is poised for continued growth and mainstream adoption as more institutions and leaders recognize the potential of blockchain technology.