Christopher Giancarlo, former CFTC Chairman, has suggested that the SEC might withdraw its lawsuit against Ripple.
SEC Might Withdraw Ripple Case
During a FOX Business interview, Giancarlo discussed cryptocurrency regulation and advised the SEC to reconsider lost cases. He expects the new SEC leadership could potentially dismiss the Ripple case.
Background of the SEC Appeal
The court ruled that institutional XRP sales are securities, while programmatic sales are not. Despite this, the SEC has appealed, seeking to overturn parts of the ruling. Ripple has filed a counter-appeal.
Trump Administration’s Potential Influence
With Donald Trump's potential return to presidency, speculation arises about an early closure of the Ripple case. A pro-crypto SEC chair could shift the stance on this lawsuit.
The potential dismissal of the SEC's lawsuit against Ripple depends on leadership changes and ongoing appeals. Regulatory shifts will be closely watched by the crypto community.
