Former CFTC Chairman, Chris Giancarlo, says XRP is not a security (Huge News!)

[TheCryptocurrencyPortal]

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_xI

Quick 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.

[chanc3r]

It's his argumentation but others will have a different opinion. As far as I know, there was a lot of ripple investors have been taking legal action against ripple about the possibility of ripple to be security token.

Ripple is still in the grey area. It can't be determined.

[CucakRowo]

XRP is only FOMO.