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Former CFTC Chairman Chris Giancarlo discussed the highly anticipated lawsuit filed by the US SEC against Ripple over XRP in an interview this week. The SEC accuses Ripple of violating securities laws by issuing XRP, with a federal court ruling that some issuances meet the securities requirements while others do not. Giancarlo believes that the SEC should reconsider its approach, especially considering recent legal outcomes and the potentially changing regulatory environment. When asked if the SEC would abandon the Ripple lawsuit, Giancarlo said, 'I think they should... I bet they will.'.
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