Former CFTC Chairman: SEC may drop the lawsuit against Ripple

ChainCatcher news, former CFTC Chairman Chris Giancarlo discussed the high-profile lawsuit by the U.S. SEC against Ripple regarding XRP in an interview this week. The SEC alleges that Ripple's issuance of XRP violated securities laws, with a federal court ruling that some of the issuance meets the criteria for securities while others do not.

Giancarlo believes that the SEC should reconsider its approach, especially in light of recent legal outcomes and the potentially changing regulatory environment. When asked whether the SEC would drop the Ripple lawsuit, Giancarlo stated: I think they should… I bet they will.