Crypto Industry Leader Expects Continued Regulatory Support for Digital Asset Products

Ripple President Monica Long Predicts Continued SEC Approval for Crypto ETFs

In a recent interview, Ripple President Monica Long has expressed her optimism regarding the US Securities and Exchange Commission’s (SEC) stance on approving crypto-based exchange-traded funds (ETFs). She believes that the regulatory body will continue to greenlight such products, with XRP ETF potentially being approved next.

According to Long, there is a clear trend of the SEC granting approvals for cryptocurrency ETFs. This trend, she claims, began with the approval of Bitcoin and Ethereum ETFs last year. As a result, she anticipates that more crypto-based ETFs will follow suit in the near future.

Regarding XRP ETF specifically, Monica Long expressed her confidence that it will be approved by the SEC once the necessary regulatory hurdles are cleared. She believes that the growing demand for digital assets, combined with increasing institutional interest and mainstream adoption, will ultimately lead to a favorable outcome for Ripple’s flagship token.

It’s worth noting that while there is no explicit confirmation of an XRP ETF application from Ripple or any other entity, Long’s statements do suggest a significant level of optimism surrounding the potential approval of crypto-based ETFs in general.

As it stands, there are currently over 20.7 million RLUSD in circulation within the last 24 hours alone, suggesting widespread interest and adoption of the RLUSD token.

Long’s remarks also sparked curiosity about future developments in the cryptocurrency space, which may ultimately lead to increased mainstream recognition and support for various digital assets.

In light of these statements, it appears that Monica Long is steadfast in her belief that the SEC will continue approving crypto-based ETFs.

Source: u.today