Former CFTC Chairman, Chris Giancarlo, says XRP is not a security (Huge News!)
Check out the video discussion here:
https://www.youtube.com/watch?v=Kc3S5f6q_xIQuick overview:
In an op-ed released on Wednesday, former Chairman of the US Commodity Futures Trading Commission (CFTC) Christopher Giancarlo and his colleague Conrad Bahlke argue that XRP is not a security.
Giancarlo, who is currently senior counsel at Willkie Farr & Gallagher, and Bahlke both work on behalf of Ripple, a client of Willkie Farr & Gallagher. Their statements, published on Wednesday by the International Financial Law Review (IFLR), discuss Ripple and the application of US securities laws to the world’s third-largest cryptocurrency, highlighting the case for XRP’s classification as a medium of exchange or a currency.