Former CFTC Chair Christopher Giancarlo feels vindicated after Ripple’s resounding victory against the U.S. Securities and Exchange Commission (SEC). 

“I did indeed call the XRP Ledger as I saw it and, what do you know, so does the law,” he said on social media. 

Giancarlo, who is amicably known as “Crypto Dad,” stated that XRP was not a security all the way back in 2020. In the paper that was co-authored by commodities lawyer Conrad Bahlke, he argued that the Ripple-linked token had to be classified as a currency.  

This was months before the SEC sued Ripple, accusing the company of violating securities laws. 

However, Giancarlo’s assessment was…