(A⇔B)⇔C has more in common with the other logical operators: due to it's associativity an interpretation that is, in my opinion, closer than A=B=C.
Edit, removed: Note that (A⇔B)∧(B⇔C)) is not one of the two ambiguous options: either (A⇔B)⇔C or (A∧B∧C)∨(¬A∧¬B∧¬C) this is wrong.
(A⇔B)⇔C has more in common with the other logical operators: due to it's associativity an interpretation that is, in my opinion, closer than A=B=C.
Edit, removed: Note that (A⇔B)∧(B⇔C)) is not one of the two ambiguous options: either (A⇔B)⇔C or (A∧B∧C)∨(¬A∧¬B∧¬C) this is wrong.