Former CFTC Chairman: SEC may abandon lawsuit against Ripple

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 accused Ripple of issuing XRP in violation of securities laws, and a federal court ruled that part of the issuance complied with securities conditions, while other parts did not. Giancarlo believes that the SEC should reconsider its approach, especially considering recent legal outcomes and potentially changing regulatory environments.

When asked whether the SEC would drop its lawsuit against Ripple, Giancarlo said: "I think they should... I bet they will." (Bitcoin.com)