CFTC Commissioner Visits Ripple Offices as SEC Case Judgement Approaches

One of the five commissioners of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, visited Ripple CEO Brad Garlinghouse ahead of court judgment on a lawsuit between the Securities and Exchange Commission (SEC) and Ripple that would influence how regulators handle XRP currencies. The next stop on my learning tour was visiting @Ripple Labs. Thanks @bgarlinghouse! #XRP #crypto #blockchain pic.twitter.com/ICr8H2ZE3q — Caroline D. Pham (@CarolineDPham) September 19, 2022 A Public-Private Engagement Pham claimed to have visited Ripple Labs’ headquarters as part of a cryptocurrency and blockchain “learning tour” in a tweet on Monday. Later, Garlinghouse tweeted that the commissioner’s meet was connected to “public-private engagement,” most likely alluding to Ripple’s interactions with American authorities. An absolute pleasure to welcome you to our offices, Commissioner @CarolineDPham! Public-private engagement 🤝 https://t.co/YzLrudMIt0 — Brad Garlinghouse (@bgarlinghouse) September 19, 2022 Many people on social media responded to Pham’s visit when they were discussing how the CFTC differs from the SEC, in how it interacts with cryptocurrency companies and token initiatives. The SEC and Ripple filed requests for summary judgment on Saturday in a case claiming that the company’s XRP sales violated securities regulations. The investigation into the case began in December 2020. Implications of SEC Case The conclusio...