$XRP Ripple CEO Brad Garlinghouse has reacted to the SEC's surprising decision to drop the Coinbase case, stating that the agency is moving quickly from the policies of the previous administration. He believes this decision demonstrates the SEC's clear interest in changing its approach to crypto regulation.
Garlinghouse also reacted to the SEC's decision to acknowledge Grayscale's application to convert XRP into an ETF, calling it "inevitable" despite some initial skepticism. Ripple President Monica Long has also expressed confidence that XRP will be next in line to get spot ETF approval.
It's worth noting that the SEC's decision to drop the Coinbase case has been seen as a positive development for the crypto industry, with some analysts predicting that it could lead to increased adoption and investment in cryptocurrencies.