Ripple’s CEO, Brad Garlinghouse, has made a bold statement on X social media, forecasting the U.S. Securities and Exchange Commission’s (SEC) defeat in its conflict with Ethereum, the world’s second-largest cryptocurrency. Garlinghouse believes the SEC is significantly behind in the courtroom and lacks behind international standards in cryptocurrency regulation. The SEC has been actively trying to classify Ethereum as a security, sparking an investigation into the Ethereum Foundation. Amidst these tensions, Coinbase’s chief legal officer, Paul Grewal, debunked “misinformation” about Ethereum, emphasizing its crucial role in the crypto economy and highlighting the SEC’s inconsistent regulatory approach. Garlinghouse also pointed out the SEC’s regulatory skirmishes with other agencies, such as the CFTC. This month, U.S. senators cautioned the SEC against approving more ETFs for cryptocurrencies, suggesting the agency’s efforts to satisfy crypto critics in Washington. Legal experts view these moves as the SEC’s strategy to mollify skeptics amid ongoing regulatory debates.

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