Ethereum

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Ripple CEO <a href="https://u.today/ripples-brad-garlinghouse-takes-aim-at-secs-approach" rel="noopener noreferrer nofollow">Brad Garlinghouse</a> recently shed light on the ongoing discussion about the classification of digital assets, making a definitive statement regarding two of the most prominent cryptocurrencies: XRP and Ethereum (ETH).&nbsp;This perspective was brought to the forefront by&nbsp;a Fox Business correspondent, <a href="https://twitter.com/EleanorTerrett/status/1786583720495059122" rel="noopener noreferrer nofollow">Eleanor Terrett</a>.
The Ripple CEO&nbsp;made the comments&nbsp;during a fireside talk with Michael Arrington, founder of Arrington Capital&nbsp;at&nbsp;the recent XRP Las Vegas conference.
According to the Ripple CEO, neither XRP nor Ethereum should be considered securities. This comment aligns with the long-standing argument presented by Ripple and other stakeholders in the crypto community.
<blockquote>
 🚨NEW: <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> CEO <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a> says <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> is not a security and <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> is not a security and that the SEC is “grossly wrong” and Gary Gensler is an “unethical human being.” <a href="https://t.co/MKuODQSAwr" rel="noopener noreferrer nofollow">pic.twitter.com/MKuODQSAwr</a>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1786583720495059122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 4, 2024</a>
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Ripple's ongoing legal battle with the SEC has&nbsp;put the company in the spotlight, making its CEO's opinions particularly noteworthy.
The Ripple CEO's remarks come at a critical time when regulatory bodies&nbsp;are scrutinizing&nbsp;the crypto market, with several discussions arising in the crypto space&nbsp;as regards&nbsp;this.&nbsp;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 debate over whether crypto assets such as <a href="https://u.today/xrp-and-ethereum-eth-communities-are-euphoric-data-shows" rel="noopener noreferrer nofollow">XRP and Ethereum (ETH)</a> should be classified as securities has been a&nbsp;point of&nbsp;contention within the cryptocurrency community for years.
However, XRP gained legal clarity in the Ripple lawsuit in July&nbsp;2023,&nbsp;when the judge ruled that XRP was not&nbsp;a&nbsp;security&nbsp;in itself.&nbsp;However&nbsp;certain XRP institutional sales were found&nbsp;to be unregistered securities sales.
A recent twist in the crypto security debate emerged when Ethereum software company Consensys filed a lawsuit against the <a href="https://u.today/ripple-v-sec-pivotal-filing-countdown-begins" rel="noopener noreferrer nofollow">SEC</a>, revealing that the SEC believes Ethereum is an unregistered security — and has been conducting investigations on that premise for the past year. Consensys sought a judge to declare Ethereum a non-security, preempting any future SEC claims.

Ripple CEO: XRP, ETH Not Securities, Fox Business Anchor Highlights

U_Today

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