Ripple CEO Brad Garlinghouse believes that similar to the XRP lawsuit, the SEC will fail in its attempt to classify Ethereum (ETH) as a security.
Ripple’s Chief Legal Officer, Stuart Alderoty, has called for US Congress intervention in the ongoing regulatory challenges, urging Congress to halt funding for the SEC.
Brad Garlinghouse, the CEO of Ripple, expressed his belief that the U.S. Securities and Exchange Commission (SEC) will fail in its attempt to classify Ethereum (ETH) as a security, just as it did with XRP.
In a recent post on the X platform, Garlinghouse responded to reports about the SEC’s legal efforts to categorize Ethereum as a security. He also highlighted the SEC’s track record of losses in legal battles with the crypto industry and suggested that the regulator is now turning to disputes with other agencies, such as the U.S. Commodity Futures Trading Commission (CFTC).
Garlinghouse posed a rhetorical question regarding when the SEC would realize its likely defeat

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