Former CFTC Chairman Chris Giancarlo has predicted that the Securities and Exchange Commission might dismiss the XRP lawsuit under Donald Trump&#39;s administration. During a recent FOX Business<a href="https://x.com/AbsGMCrypto/status/1861523468279312501" rel="noopener noreferrer nofollow"> interview</a>, Giancarlo, often referred to as &#39;Crypto Dad,&#39; recommended that regulatory agencies dismiss cases they&#39;ve lost at trial.When pressed by Senior Correspondent Charles Gasparino for a direct response regarding the Ripple case, Giancarlo stated definitively, &#34;I would bet that they would.&#34; This prediction gains significance in light of the current regulatory landscape and recent developments.In the Ripple-SEC lawsuit, the trial court&#39;s final verdict in August maintained its earlier summary judgment. It established that while institutional sales of <a href="https://cryptotale.org/xrp-price-surge-ahead-key-levels-and-long-term-potential/" rel="noopener noreferrer nofollow">XRP</a> constituted securities, programmatic sales and other distributions did not. Importantly, the court determined that XRP itself is not a security.The <a href="https://cryptotale.org/sec-fines-texas-money-manager-for-illicit-crypto-investments/" rel="noopener noreferrer nofollow">SEC&#39;s </a>response to this mixed ruling came after two months of internal deliberation. The agency filed an appeal to challenge the aspects it lost while Ripple reacted with a counter-appeal contesting the ruling on institutional sales. The SEC&#39;s appeal brief is scheduled for January 15, 2025.<a href="https://cryptotale.org/ex-cftc-chair-predicts-sec-will-drop-xrp-case-under-trump/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ex-CFTC Chair Predicts SEC Will Drop XRP Case Under Trump

CryptoTale

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