During his recent interview on CNBC, Ripple CEO Brad Garlinghouse talked about inflation, crypto regulations, the dispute with the SEC, and what future developments he expects.
Related: Judge Asks Whether All People Selling XRP Violated the Law
The entrepreneur says currently the US sees inflation which it hasn't seen for decades. Being concerned to hold fiat currencies, people look for alternatives and this is one of the main reasons for the crypto boom. Garlinghouse believes crypto will have long-term success as the industry provides technologies that fundamentally reshape the financial infrastructure.
While being asked about Dogecoin, Garlinghouse said DOGE might be no good for the crypto market. He mentioned that the meme coin was created as a joke and gained momentum due to tweets from Elon Musk.
As for crypto regulations, Garlinghouse says although some countries including China and India have concerns about the industry, the global macro trend line for crypto regulation is moving in a positive direction. He noted the advancement in the UAE, Singapore, Japan, and other places.
Referring to the ongoing lawsuit, which the US SEC started against Ripple accusing Ripple of selling XRP tokens as an unregistered security, Garlinghouse said they had made pretty good progress. He expressed hopes that in 2022 there will be a closure. According to the Ripple CEO, the judge understands that the question is not just about their company, but it has broader implications.
Ripple expands its partnerships and operations outside the US. Earlier, this month, the fintech company opened a new office in the Dubai International Financial Center.