The CEO of Ripple Labs says he sees the US Securities and Exchange Commission (SEC) losing the battle against crypto in the long run.
In a new interview on the World Class podcast, Ripple CEO Brad Garlinghouse says the SEC’s anti-crypto stances and enforcement actions don’t mean much in the grand scheme of things.
“They will lose in the long run. If you look at crypto’s continued growth as a multi-decade time arc, this is nothing. It’s a speed bump because I’m so optimistic about what the future of crypto looks like. Twenty years from now we’ll look back and say, ‘God, that sucked.’ But you know what, little bump.”
In my opinion, the market will be measured in many, many, many, many trillions, it will change the way a lot of transactions work because it is a way to reduce friction, reduce costs, [and] make things more efficient. It’s going to win in the long term, the best technology usually wins in the long term.”
Garlinghouse goes on to say that the booming crypto industry is set in stone because even one of the best-managed fiat currencies – the US dollar – loses its purchasing power over time.
“It’s inevitable. Right now we’re talking about $2.5 trillion [crypto market cap]. Look, I think this is an easy 10x over the next five to ten years? Yes, no problem… that feels safe.”
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