Ripple main executive Brad Garlinghouse has been airing his thoughts over the land of the crypto market and regulations, and a grudge over the financial regulator's approach to Ethereum appears to have surfaced.

Speaking at the DC Fintech Week virtual briefing on Thursday, the Ripple boss declared that Ethereum had been granted a regulatory greenish lite that enabled it to surpass his company's XRP token.

The United States Securities and Exchange Committee (SEC) has been pursuing Ripple over claims that Ripple (XRP) is an unregistered security. In Jan, Ripple filed a Freedom of Information Act request with the SEC demanding to know why it didn't consider ETH to be a security. Six months later in July, a district approximate allowed the visitor to depose a former SEC official who declared in 2022 that ETH was non a security.

Garlinghouse clearly feels that his firm has been hard done by and Ethereum'southward subsequent success is, at to the lowest degree in part, due to more favorable handling by the SEC. He stated that it is affecting the market, adding:

"Inside the last few years, XRP was the second most valuable digital asset. As information technology became clear the SEC had given a hall pass to ETH, ETH obviously has kind of exploded and that clarity has helped."

XRP was the 2nd largest crypto nugget past market place capitalization in late December 2017. It has currently slipped to 7th identify while Ethereum has held the 2d spot ever since.

Garlinghouse besides stated that the SEC has been taking an aggressive posture against crypto with recent deportment against his ain visitor and Coinbase. Commenting on Ripple's battle with the financial regulator, he said that the SEC claims to be protecting consumers only:

"You have nearly 50,000 U.S. people who concur XRP who are trying to sue the SEC for 'protecting them'."

Earlier this month a U.South. district gauge ruled that individuals holding the visitor's XRP token could not participate as defendants in the lawsuit.

Related: XRP purchasers back Ripple, arguing that it is non a security

The SEC'southward request to extend the deadline to complete discovery in its ongoing lawsuit with Ripple Labs and its executives has been granted and pushed to Jan. fourteen, 2022.

Ripple claims that any further delay in resolving this case will "cause serious harm to the interests of the defendants and XRP holders."

The court acknowledged this but stated that the "additional time sought by the SEC will non affect the schedule to resolve the example."