I hope Ripple CEO's predictions are correct, I would be very happy if the SEC loses all its cases, and it looks like it will.
They always make up meaningless problems, I remember that when they were in the fight against Bitcoin they were biased with Ethereum, but today they change their mind against Ethereum.
However, I expect that companies that are in the process of obtaining approval for an Ethereum ETF will push towards obtaining approval, as happened with Bitcoin, and they will obtain it in the end.
They will have to accept that Ethereum isn't a security but a commodity just like Bitcoin. I'm very sure that SEC will lose against Ethereum in that case and they'll surely accept ETH as a commodity. SEC is always doing such dramas and they really don't want crypto-currencies to evolve to highest levels. However, I believe they'll finally accept ETH as community when they lose the court case.
SEC is just wasting its time with this case on Ethereum.I think I agree with your points, the SEC is just wasting their time and nothing else. Ethereum has been doing great for so many years and it's a type of ignorance to consider it as a security even after seeing the number of investors and its market cap.
~Snip~
And I don't know why the leadership of SEC is more stingget with crypto, I guess it's really the pressure of Washington to SEC to come after all crypto as they deem it as a tool to be taken advantage by different individuals for crimes, but it is not obviously.Pretty sure the whole operation is run by the US government, so they handed the SEC over to a guy who hates cryptocurrencies.