Deep Tide TechFlow News, on December 1st, CFTC Chairman Chris Giancarlo discussed the SEC's lawsuit against Ripple regarding XRP in an interview this week. The SEC accuses Ripple of violating securities laws by issuing XRP, and the federal court ruled that some of the issuance meets the criteria of 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."