The CEO of Ripple Labs, Brad Garlinghouse, emphasizes the need for the crypto industry to prioritize a crucial element for achieving mass adoption.

Speaking at the XRP Ledger Apex 2024 event, Garlinghouse highlights the importance of developing real use cases to drive exponential growth in the crypto sector. He stresses that customers are primarily concerned with having their problems solved, rather than the specific technology being employed. Garlinghouse advocates for a focus on utility and addressing tangible issues, rather than getting caught up in hype cycles or speculation, which he believes is not sustainable in the long run. Ripple’s approach is centered on understanding their customers and providing solutions to their problems.

Garlinghouse also expresses concerns about the regulatory environment in the United States, stating that the country has fallen behind others in establishing clear crypto regulations. Despite Ripple’s efforts to comply with regulations, he finds it perplexing that XRP, unlike other cryptocurrencies, has not been recognized for its unique position as a non-security asset in the US. Garlinghouse criticizes the current administration, led by Gary Gensler at the SEC, for its hostile attitude towards crypto, which he finds frustrating.

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