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.
