EddieJayonCrypto
22 Mar 24
In a recent social media post, Ripple CEO Brad Garlinghouse predicts that the U.S. Securities and Exchange Commission (SEC) will lose its "war" against Ethereum, stating that the SEC is already "losing badly" in court and falling below international regulatory standards. This comes as the SEC has la...
In a recent social media post, Ripple CEO Brad Garlinghouse predicts that the U.S. Securities and Exchange Commission (SEC) will lose its "war" against Ethereum, stating that the SEC is already "losing badly" in court and falling below international regulatory standards. This comes as the SEC has launched an aggressive campaign to label Ethereum as a security, leading to disputes over misinformation about Ethereum's importance and inconsistencies in the SEC's approach to regulating Ethereum. With the SEC also fighting other regulators and facing pressure from senators and legal analysts, there is growing criticism of the SEC's actions in the cryptocurrency space.
According to Garlinghouse, the SEC is already "losing badly" in the court while falling below international counterparts in terms of regulatory standards. The SEC has recently launched an aggressive campaign to label the second-largest cryptocurrency as a security, which has led to disputes over misinformation about Ethereum's importance and inconsistencies in the SEC's approach to regulating Ethereum as a security. Legal analysts believe that the SEC is now trying to appease some cryptocurrency skeptics in Washington, while various media outlets have reported that the SEC is now also fighting other regulators like the CFTC on top of the SEC, leading to growing criticisms of the SEC's actions in the cryptocurrency space.
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