Breaking: Ripple CEO and CLO Backs Ethereum and CFTC, Say US SEC to Lose

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty supports Ethereum and CFTC in their fight against the US SEC.

Ripple chief executive officer Brad Garlinghouse and chief legal officer Stuart Alderoty have expressed support for Ethereum as the U.S. Securities and Exchange Commission opened investigations against Ethereum Foundation, waging a legal campaign to classify Ether (ETH) as security.

Ripple executives backing Ethereum is a surprising move for some crypto participants considering anti-XRP replies from Ethereum creator Vitalik Buterin when the SEC filed a lawsuit against Ripple in 2020.

Ripple CEO Brad Garlinghouse Says SEC to Lose War Similar to XRP

The US SEC has faced backlash from the crypto community and congressmen for probing companies related to Ethereum, including Ethereum Foundation. The move is considered a regulatory action for classifying the second-largest crypto Ether (ETH) as a security. Experts say it’s a political move after Prometheum, the only U.S. SEC-registered crypto securities platform, plans to custody Ethereum (ETH).

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Bitget Wallet is the ultimate Web3 multi-chain wallet, offering a comprehensive platform with wallet, Swap, NFT Market, DApp Browser, and Launchpad functionality.

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Steps to Join Airdrop

Download the Bitget Wallet (Android/iOS).

https://web3.bitget.com/bwb-airdrop?code=AYvkds

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Get more details from this Official Post.

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Don't forget to like and follow for the latest Airdrops and Updates.

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