Interpreting A⇔B⇔C as (A⇔B)⇔C is utterly non-standard, but admittedly interesting.
A⇔B⇔C is usually not a valid expression in any mathematical formalism. But if used informally, A⇔B⇔C is usually meant to mean (A⇔B)∧(B⇔C), just as when you say A=B=C when you actually mean (A=B)∧(B=C).
A⇔B⇔C is usually not a valid expression in any mathematical formalism. But if used informally, A⇔B⇔C is usually meant to mean (A⇔B)∧(B⇔C), just as when you say A=B=C when you actually mean (A=B)∧(B=C).