Ripple Labs CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will ultimately lose its battle against cryptocurrency in the long run.
SEC’s Actions: ‘Speed Bumps’
In a recent interview, Garlinghouse dismissed the SEC’s anti-crypto stances and enforcement actions as “speed bumps.” He believes that the SEC’s efforts will not significantly hinder the growth of the crypto industry.
“They’re going to lose in the long run,” Garlinghouse said. “This is nothing in the grand scheme of things.”
Crypto’s Inevitable Success
Garlinghouse is confident that crypto will thrive because even fiat currencies like the US dollar are losing purchasing power over time. He predicts that the crypto market cap could easily increase by 10x in the next 5-10 years.
“It’s inevitable,” he said. “The best technology usually wins in the long run.”
Disclaimer: The views expressed in this article are not investment advice. Investors should do their own research before making any high-risk investments.
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