While the future of cryptocurrencies around the world remains a topic of discussion, today an important statement of the name came behind one of the most popular cryptocurrency projects. Brad Garlinghouse, CEO of RippleAnswered CNBC’s questions at the Paris Blockchain Week event.

In his statement, Garlinghouse explained Bitcoin’s status among cryptocurrencies, the US Securities and Exchange Association (SEC) views on Ethereum, the Biden government’s approach to cryptocurrencies and, of course, the on the future of cryptocurrencies statements made. These statements were as follows:

Bitcoin Digital Gold, Ripple (XRP) Payment Option

Ripple CEO explained that they use XRP, the unit of their project, to provide extremely fast and reliable payments. Noting that transaction costs are low, the CEO said Bitcoin’s usage area is very good in terms of “digital gold” but in terms of payment. that the cost is expensive and the speed slow expressed.

The SEC Cannot Respond to Ethereum:

Referring to the lawsuit between Ripple and the SEC, Gingerhouse said the main question to ask is whether XRP is a security and whether Ripple sells XRP unregistered, while stressing that US laws are not clear on this. CEO, SEC’s Ethereum is also a that he could not answer the question of whether it is a security expressed.

The Biden administration saw the US lagging behind in the industry:

Gingerhouse stated that Joe Biden’s presidential decree is positive and important for the market, noting that it is important for cryptocurrency regulation. that many countries are ahead of the US explained. The Biden administration too that you realize He stated that he believed.

The future of cryptocurrencies:

“I must honestly say that I think positively about all cryptocurrency markets. There are macro factors that make me think this way. The first of these is global inflation. You know, inflation in the US was 8.5%. This is the record for 40 years. The other factor is that cryptocurrencies solve many of the problems of business companies. Solve real problems. That’s why I have a serious positive outlook.†