Ripple Case Will Be Dismissed, Says Trump’s Leading ‘Crypto Czar’ Candidate

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Bitcoinist 11h ago

Ripple Case Will Be Dismissed, Says Trump’s Leading ‘Crypto Czar’ Candidate - Bitcoinist

Quick Summary:

In an interview with FOX Business on Tuesday, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, a leading contender for the role of White House “crypto czar” in the second Trump administration, expressed his belief that the Securities and Exchange Commission (SEC) will drop its case against Ripple Labs.

Addressing the ongoing legal battle between the SEC and Ripple Labs, Giancarlo revealed his perspective on the matter.

Giancarlo was critical of the outgoing SEC Chairman Gary Gensler, citing issues such as talent attrition, low morale, and overreach in enforcement actions.