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The chief executive of Ripple Labs says that he sees the U.S. Securities and Exchange Commission (SEC) losing its battle against crypto in the long term.
In a new interview on the World Class podcast, Ripple CEO Brad Garlinghouse says that in the grand scheme of things, the SEC’s anti-crypto stances and enforcement actions don’t mean much.
“They’re going to lose in the long run. If you look at the continued growth of crypto as a multi-decade arc of time, this is nothing. It’s a speed bump because I’m so optimistic about what the future of crypto looks like. We’ll look back in 20 years and be like ‘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 many, many transactions work because it’s a way to reduce friction, reduce cost, [and] make things more efficient. It’s going to win in the long run, the best technology usually wins in the long run.”
Garlinghouse goes on to say that the crypto industry thriving is set in stone because even one of the best-managed fiat currencies – the US dollar – is losing its purchasing power over time.
“It’s inevitable. Right now, we’re talking about a $2.5 trillion [crypto market cap]. Look do I think this is an easy 10x over the next five to 10 years? Yeah, no problem…that feels safe.”
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