<ul><li>Ripple CEO Brad Garlinghouse criticizes the SEC&#39;s legal battles and approach to regulating cryptocurrencies, particularly Ethereum.</li><li>Garlinghouse was responding to Coinbase&#39;s Chief Legal Officer, who supports Ethereum&#39;s classification as a commodity.</li><li>Ongoing SEC investigation into the Ethereum Foundation includes subpoenas to three companies amidst debates on ETH&#39;s regulatory status.</li></ul>Ripple&#39;s chief executive officer, Brad Garlinghouse, has questioned the U.S. Securities and Exchange Commission’s (SEC) official stance regarding Ethereum (ETH). The CEO stressed the SEC&#39;s &#34;significant&#34; setbacks in legal confrontations with the cryptocurrency industry in his <a href="https://x.com/bgarlinghouse/status/1770958740646502889?s&#61;20" rel="noopener noreferrer nofollow">commentary</a> on X, noting that the regulatory body is &#34;losing badly&#34; in court.Garlinghouse provided insight into the SEC&#39;s <a href="https://www.ibtimes.com/cftc-chair-claims-most-cryptocurrencies-are-commodities-admits-theres-turf-war-going-over-3720674" rel="noopener noreferrer nofollow">tense relationships</a> with industry players and other regulatory bodies, including the likes of the U.S. Commodity Futures Trading Commission (CFTC). According to him, this proves the SEC&#39;s difficulty keeping up with its global regulatory peers, indicating a larger problem with the agency&#39;s approach to regulating cryptocurrencies.Garlinghouse further questioned the SEC&#39;s strategy, rhetorically questioning the agency&#39;s acknowledgment of its potential defeat in classifying ETH as a security. He drew parallels to the SEC&#39;s past legal skirmish with XRP, where the regulator <a href="https://cryptotale.org/ripple-plummets-5-despite-landmark-victory-against-sec/" rel="noopener noreferrer nofollow">lost its case</a>.<a href="https://cryptotale.org/ripples-garlinghouse-questions-secs-strategy-on-ethereum-in-wake-of-legal-disputes/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Ripple's Garlinghouse Questions SEC's Strategy on Ethereum in Wake of Legal Disputes

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