Former CFTC Chairman Predicts SEC May Drop Ripple Lawsuit Under New Government
According to PANews, former Commodity Futures Trading Commission Chairman Chris Giancarlo believes that under the leadership of the new cryptocurrency-friendly government, the SEC will drop its lawsuit against Ripple.
Giancarlo pointed out that under President Donald Trump's leadership, the government may shift to a more supportive stance on cryptocurrencies, which could influence the SEC's future decisions.
The Ripple case has become a key legal battle in the cryptocurrency field, testing the boundaries of securities law. If a government supportive of cryptocurrencies emerges, it could reshape the SEC's regulatory stance on cryptocurrencies, including XRP.