Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo has predicted that the United States Securities and Exchange Commission (CFTC) will drop the case against Ripple.
The former CFTC Chair is known as “Crypto Dad,” thanks to his progressive views on digital assets.
Ripple’s Fight Against The SEC Coming To An End?
Ripple’s lengthy legal battle with the Securities and Exchange Commission has seen significant developments after Gary Gensler confirmed he was stepping down. Speculation of the case being dropped entirely under new leadership has grown significantly. The lawsuit dates back to December 2020, when the SEC accused Ripple and its executives of illegally raising $1.3 billion through an unregistered securities offering by selling its native cryptocurrency, XRP. However, there is renewed optimism of a resolution after Donald Trump’s presidential win. The president-elect had promised to fire Gensler on his first day in office. These deve
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