PANews reported on December 1 that according to News.bitcoin, Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), believes that under the leadership of the new cryptocurrency-friendly government, the SEC will abandon its lawsuit against Ripple. Chris Giancarlo pointed out that under the leadership of President-elect Donald Trump, the government may turn to be more supportive of cryptocurrencies, which may affect the SEC's future decisions. The Ripple case has become a key legal battle in the cryptocurrency field, testing the boundaries of securities laws. If a government that supports cryptocurrencies emerges, it may reshape the SEC's position on cryptocurrency regulation, including XRP. Giancarlo wrote a legal analysis report arguing that XRP is not a security, and he has become an advocate for regulatory transparency and more relaxed treatment of digital assets.