“Crypto Dad” Giancarlo Feels Vindicated After Ripple’s Win
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…
