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

Check out the video at the following link: XRP

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.