Ripple CEO Asserts XRP and ETH are Not Securities: Key Highlights from Fox Business

• Ripple CEO Brad Garlinghouse recently commented on the classification of digital assets, particularly XRP and Ethereum (ETH).
• During a fireside talk at the XRP Las Vegas conference, Garlinghouse asserted that neither XRP nor Ethereum should be considered securities.
• This statement aligns with Ripple’s long-standing argument and comes at a critical time when regulatory bodies are scrutinizing the crypto market.

Ripple CEO Brad Garlinghouse has made a definitive statement on the classification of XRP and Ethereum, asserting that neither should be considered securities. This comes amidst increased scrutiny from regulatory bodies on the crypto market.

Garlinghouse’s Statement on Crypto Classification

During a recent fireside talk with Michael Arrington, founder of Arrington Capital, at the XRP Las Vegas conference, Garlinghouse made it clear that he believes neither XRP nor Ethereum should be considered securities. This statement aligns with the long-standing argument presented by Ripple and other stakeholders in the crypto community.

Context: Ripple’s Ongoing Legal Battle with the SEC

Ripple’s ongoing legal battle with the SEC has put the company in the spotlight, making its CEO’s opinions particularly noteworthy. Garlinghouse’s remarks come at a critical time when regulatory bodies are scrutinizing the crypto market, with several discussions arising in the crypto space as regards this. In the week, reports surfaced of MicroStrategy chairman Michael Saylor speculating that the SEC may regard Ethereum, BNB, SOL, XRP and ADA as unregistered crypto asset securities.

The Crypto Security Debate

The debate over whether crypto assets such as XRP and Ethereum (ETH) should be classif... Read the full article for FREE at COINOTAG!