Ripple CEO Discusses Ethereum (ETH) and XRP’s Status as Securities: A Deep Dive into Crypto Regulations

• The US Securities and Exchange Commission (SEC) has been criticized by Ripple CEO Brad Garlinghouse for its approach to classifying cryptocurrencies like XRP and ETH as securities.
• Garlinghouse made his comments during a fireside chat in Las Vegas, where he discussed the future of digital assets.
• He also criticized SEC Chair Gary Gensler, calling him an “unethical human being” due to his criticisms of the cryptocurrency industry.

Ripple CEO Brad Garlinghouse criticizes the SEC’s approach to classifying cryptocurrencies and calls SEC Chair Gary Gensler “unethical”.

SEC’s Classification of Cryptocurrencies

The SEC’s classification of cryptocurrencies as securities has been a contentious issue in the crypto industry. Ripple and the SEC have been involved in a legal battle over the status of XRP, a cryptocurrency created by Ripple. There have also been reports that the SEC is considering whether Ethereum qualifies as a security. Garlinghouse has consistently argued that XRP is not a security, a stance he reiterated during his recent comments.

Garlinghouse’s Criticism of Gensler

In addition to his comments on the SEC’s classification of cryptocurrencies, Garlinghouse also criticized SEC Chair Gary Gensler. He referred to Gensler as an “unethical human being”, likely due to Gensler’s criticisms of the cryptocurrency ... Read the full article for FREE at COINOTAG!