While the reaction of the cryptocurrency market grew against the investigation launched against the Ethereum Foundation in the USA and the SEC's efforts to classify ETH as a security, the latest statement came from Ripple CEO Brad Garlinghouse.
At this point, Ripple CEO expressed his support for Ethereum in the face of the investigation launched against the Ethereum Foundation and the campaign launched by the SEC to classify ETH as a security.
While referring to the SEC's defeat against Ripple, Garlinghouse emphasized that the SEC constantly loses in the courts.
In addition, stating that the SEC constantly fights with the cryptocurrency industry, Ripple CEO said that the SEC always loses in the end.
Garlinghouse finally pointed out that he was sure that the SEC would lose against Ethereum as well and said:
“The SEC picked a fight with the cryptocurrency industry but ended up losing badly in the courts.
They now struggle with regulators like the CFTC and lag behind their international counterparts.
“When will the SEC realize that it will lose against ETH just like it lost against XRP?”
*This is not investment advice.