Ripple Chair Monica Long has shed light on the potential launch of an XRP ETF, clarifying the crypto payments company’s stance on the subject. She cited the growing interest within the market, stating that the introduction of an XRP ETF would be a reasonable progression.
Ripple President Deems XRP ETF Plausible
In a recent interview With CNBC, Long responded to the growing curiosity surrounding the possible launch of an XRP ETF. Asked about the probability of an XRP ETF In the near future, Long said, “I think it will make a lot of sense. »
She cited the current regulatory status of XRP in the United States as the basis for a possible -United.
Long praised The performance of XRP in the crypto market, stating that it currently ranks among the top 10 cryptocurrency assets by market capitalization and among the top 5 digital assets in terms of trading volume. His endorsement of XRP as a major player in the crypto market further solidifies his belief that the market could see a XRP ETF Soon.
Following the approval of a Spot Bitcoin ETF And one Ethereum Spot ETFXRP has remained firmly in the spotlight, as have many crypto analysts predict that cryptocurrency could be next in line for an ETF.
Despite the excitement and hopes surrounding an XRP ETF, the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) could pose a significant challenge.
Prior to the SEC’s approval of an Ethereum ETF, various crypto analysts had low expectations for an Ethereum ETF in 2024. They emphasized that the SEC’s implicit commitment classification of Ethereum as a security could hamper its ETF approval process.
The same analysis could be applied to XRP, which is embroiled in a nearly four-year legal battle with the SEC. In his lawsuit against Ripple, the US SEC accused the crypto payments company of selling unregistered securities in XRP. This claim was rigorously challenged by Ripple in court, achieving victory after Judge Analisa Torres ruled that programmatic sales of XRP were not considered unregistered securities.
Despite these regulatory hurdles, Ripple CEO, Brad Garlinghouse maintained optimistic outlook for an XRP ETF, forecasting possible approval by 2025.
Ripple Stablecoin Expected to Launch This Year
In the interview, Long shared valuable insights into the development and launch of Ripple’s stablecoin. Although specific details about the stablecoin’s launch date and features remain confidential, Ripple’s president revealed that the crypto community can expect a possible launch later this year.
She highlighted the importance of stablecoins within the volatile crypto market, emphasizing that stablecoins have a a market capitalization of several billion dollars and have become a reliable payment option for users who want to move and store their assets securely.
