Ripple CEO Makes Bold Prediction About SEC V Ethereum Battle

March 22, 2024 11:46 pm Comments

Ripple CEO Brad Garlinghouse has made a bold prediction about the outcome of the SEC V Ethereum battle currently raging on.

The head of Ripple Labs says the SEC is almost certain to lose the battle to label Ethereum as a security.

The second largest cryptocurrency has come under fire from the SEC in recent weeks as it fails in the courts against names like Ripple and faces pushback over its handling of the Debt Box case.

Brad Garlinghouse stated on Thursday: “The SEC picked fights with the industry and is losing badly in the Courts. They’re now fighting fellow regulators like the CFTC, and falling behind international counterparts. At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?”

U Today had more:

Garlinghouse himself has mentioned that the SEC is now also fighting other regulators like the CFTC on top of the SEC. Earlier this month, two United States senators penned a letter to Gary Gensler, urging the SEC not to approve more ETFs for other cryptocurrencies.

Ripple’s Chief Legal Officer Stuart Alderoty echoed CEO Brad Garlinghouse’s sentiments and took a stab at the rogue government agency: “Congress must stop funding this insanity,” Alderoty exclaimed.

Coin Paprika added:

Paul Grewal, Coinbase’s Chief Legal Officer, has criticized the misinformation about Ethereum, highlighting its essential role in the crypto economy. He also pointed out the inconsistencies in the SEC’s attempts to regulate Ethereum as a security.

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