Geoffrey Kendrick from Standard Chartered made statements regarding Ripple (XRP) and Solana (SOL) ETFs. Stating that after the approval of the Ethereum ETF, attention turned to other leading projects, Kendrick emphasized that 2025 could be an important year for these cryptocurrencies.
Kendrick stated that since Ethereum is not classified as a security, other cryptocurrencies similar to Ethereum may not be considered as securities, as in the XRP case in 2023. Kendrick added the following:
“The core technology is so similar to Ethereum in some cases that it would be difficult for the SEC to argue that these cryptocurrencies are securities, given its Ethereum position. The crypto industry seems to have both political and regulatory support at the moment.”
However, he added that it is only a matter of time before the market faces further regulatory changes. At the moment, he expects Bitcoin and Ether's dominance to increase, while some other cryptocurrencies could be among the next winners.
