BlockBeats news, December 1, former CFTC Chairman Chris Giancarlo discussed the high-profile lawsuit by the US SEC against Ripple regarding XRP in an interview this week. The SEC accuses Ripple of issuing XRP in violation of securities laws, and a federal court has ruled that some of the issuances meet 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 if the SEC would drop the lawsuit against Ripple, Giancarlo stated, "I think they should... I bet they will."
