The CEO of Ripple Labs emphasizes that the key to driving mass adoption in the crypto industry is focusing on real use cases. Speaking at the XRP Ledger Apex 2024 event, Brad Garlinghouse highlights the importance of developing solutions that solve customers’ problems, rather than getting caught up in hype and speculation.

Garlinghouse stresses the need for the industry to prioritize utility and address real issues. He points out that Ripple is dedicated to identifying its customers and the problems it aims to solve for them.

Furthermore, Garlinghouse notes that the United States is lagging behind other countries in terms of establishing clear crypto regulations. Despite Ripple’s efforts to comply with regulations, he expresses frustration with the regulatory environment in the US, particularly under the current administration led by Gary Gensler at the SEC.

In conclusion, Garlinghouse underscores the unique position of XRP as a non-security asset in the US and expresses uncertainty about the regulatory future of other cryptocurrencies like ETH. He urges the industry to focus on practical solutions and clear regulations to drive sustainable growth.