Former CFTC Chairman: SEC may abandon lawsuit against Ripple
On December 1, former CFTC Chairman Chris Giancarlo discussed the high-profile lawsuit brought by the US SEC against Ripple over XRP in an interview this week. The SEC accuses Ripple of issuing XRP in violation of securities laws, and a federal court ruled that some issuances comply with securities conditions while others do not.
Giancarlo believes that the SEC should reconsider its approach, especially considering recent legal outcomes and potential changes in regulatory environment. When asked if the SEC would drop the lawsuit against Ripple, Giancarlo said: I think they should...I bet they will.
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