As an analyst with extensive experience in the financial sector and a keen interest in cryptocurrencies, I find myself intrigued by Chris Giancarlo’s prediction about the SEC dropping its case against Ripple. Given my background as a former chairman of the CFTC, I have a unique perspective on regulatory matters, particularly those involving digital assets.
During his latest interview on Fox Business, Chris Giancarlo, former head of the Commodity Futures Trading Commission (CFTC), expressed his belief that the U.S. Securities and Exchange Commission (SEC) might decide to abandon their legal action against Ripple in the near future.
In response to a query from Charles Gasparino at Fox Business, Giancarlo stated something along the lines of, “I’d wager that they will.
According to U.Today, the Securities and Exchange Commission (SEC) submitted an appeal in the case a month ago. Subsequently, Ripple responded with a cross-appeal.
Given the anticipation that Wall Street’s future regulatory leader will likely support cryptocurrencies, it seems probable that the Securities and Exchange Commission (SEC) may choose to discontinue its prolonged legal dispute with Ripple.
Stuart Alderoty, Ripple’s top layer, recently argued that the next head of the SEC should drop all non-fraud cryptocurrency cases on Day 1.
The head of the Securities and Exchange Commission (SEC), Gary Gensler, has announced his departure from the agency effective January. This news sparked fresh hope within the cryptocurrency sector, as it has faced ongoing disagreements with the current SEC leadership.
Apart from Ripple, the SEC has also targeted such crypto juggernauts as Coinbase and Binance.
Based on data from Kalshi, it’s estimated that Paul Atkins currently holds a 60% probability of being appointed as the next chair of the Securities and Exchange Commission (SEC). Brian Brooks, who previously led Binance US, has a significantly lower chance at about 20%.
Dan Gallagher, who had been a top contender for the position, announced that he is not pursuing the role as head of the Securities and Exchange Commission (SEC).
According to a report from U.Today, it has been clarified by Giancarlo himself that he is not in the running to take over Gensler’s position, contrary to previous speculations.
Read More
- EUR CAD PREDICTION
- EUR MYR PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- POL PREDICTION. POL cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- GBP RUB PREDICTION
- USD MXN PREDICTION
- BTC PREDICTION. BTC cryptocurrency
2024-11-27 20:17