{"id":406239,"date":"2024-03-22T11:54:02","date_gmt":"2024-03-22T11:54:02","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=406239"},"modified":"2024-03-22T11:54:02","modified_gmt":"2024-03-22T11:54:02","slug":"ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga\/","title":{"rendered":"Ripple leaders forecast SEC defeat in Ethereum security saga"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/ripple\/\">Ripple<\/a> CEO <a href=\"https:\/\/cryptoslate.com\/people\/brad-garlinghouse\/\">Brad Garlinghouse<\/a> said the US Securities and Exchange Commission (SEC) would lose its war against <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a>.<\/p>\n<p>In a March 22 <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1770958740646502889\">post<\/a> on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his company's <a href=\"https:\/\/cryptoslate.com\/coins\/xrp\/\">XRP<\/a> token and is on course to suffer a similar fate if it attempts to classify ETH as security.<\/p>\n<p>According to him:<\/p>\n<blockquote><p>&#8220;The SEC picked fights with the industry and is losing badly in the Courts. They\u2019re now fighting fellow regulators like the CFTC, and falling behind international counterparts.&#8221;<\/p><\/blockquote>\n<p>Ripple's Chief legal officer Stuart Alderoty, sharing similar views with Garlinghouse, <a href=\"https:\/\/x.com\/s_alderoty\/status\/1770959482341790156?s=20\">added<\/a> that the US Congress should stop funding this &#8220;insanity.&#8221;<\/p>\n<h2>SEC vs Ethereum<\/h2>\n<p>This week, <a href=\"https:\/\/cryptoslate.com\/ethereum-foundation-facing-inquiry-by-unknown-state-authority\/\">reports<\/a> surfaced that the Gary Gensler-led Commission was investigating entities associated with Ethereum, such as the Ethereum Foundation, to categorize ETH as a security.<\/p>\n<p>This development sparked significant criticism from the crypto community and US legislators, who <a href=\"https:\/\/x.com\/PatrickMcHenry\/status\/1770552440791736635?s=20\">voiced concerns<\/a> over the SEC's aggressive stance toward the emerging industry.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/people\/paul-grewal\/\">Paul Grewal<\/a>, the chief legal officer at <a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a>, <a href=\"https:\/\/twitter.com\/iampaulgrewal\/status\/1770594620969501035\">highlighted<\/a> numerous instances where the SEC and its representatives have characterized Ethereum as a commodity.<\/p>\n<p>According to him, <a href=\"https:\/\/cryptoslate.com\/judge-rules-in-favor-of-ripple-against-sec-in-hinman-document-case\/\">statements<\/a> from former high-ranking SEC official William Hinman and congressional hearings and testimony from Gensler before he became the SEC chair show that the digital asset was not a security.<\/p>\n<p>In addition, Grewal pointed out instances where the SEC lawyers have tried to compare ETH to BTC.<\/p>\n<h2>Ethereum, XRP community animosity<\/h2>\n<p>Meanwhile, the Ripple executives' support for Ethereum is a surprise, given the historical friction between the XRP community and ETH.<\/p>\n<p>For years, XRP supporters have <a href=\"https:\/\/cryptoslate.com\/cardanos-hoskinson-says-sec-actions-debunk-ripple-lawsuit-conspiracy-theory\/\">alleged<\/a> that ETH got preferential treatment from the SEC over its non-declaration as a security by former SEC official Hinman. They argue that this contributed to Ethereum's widespread adoption and development over subsequent years.<\/p>\n<p>Furthermore, Ethereum co-founder <a href=\"https:\/\/cryptoslate.com\/people\/vitalik-buterin\/\">Vitalik Buterin<\/a>&#8216;s past <a href=\"https:\/\/cryptoslate.com\/vitalik-buterin-says-xrp-is-completely-centralized-draws-ripple-ctos-reaction\/\">negative remarks<\/a> about XRP exacerbated the rivalry between the two projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) would lose its war against Ethereum. In a March 22 post on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his company&#8217;s XRP token and is on course to suffer a similar [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":406254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,60793],"tags":[74980,72190,74979],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple leaders forecast SEC defeat in Ethereum security saga<\/title>\n<meta name=\"description\" content=\"Ripple CEO Brad Garlinghouse predicts that the US Securities and Exchange Commission (SEC) will fail in Ethereum security battle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple leaders forecast SEC defeat in Ethereum security saga\" \/>\n<meta property=\"og:description\" content=\"Ripple CEO Brad Garlinghouse predicts that the US Securities and Exchange Commission (SEC) will fail in Ethereum security battle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T11:54:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/03\/brad-garlinghouse-ethereum-sec.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ripple-leaders-forecast-sec-defeat-in-ethereum-security-saga\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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