Caroline Pham, certainly one of 5 commissioners on the United States Commodity Futures Trading Commission, or CFTC, met with Ripple CEO Brad Garlinghouse forward of a courtroom decision which may have an effect on how regulators deal with XRP tokens.

In a Monday tweet, Pham mentioned she visited Ripple Labs’ offices as a part of a “learning tour” involving crypto and blockchain. Garlinghouse later tweeted that the commissioner’s go to was associated to “public-private engagement” — probably referring to a privately funded firm like Ripple participating with U.S. regulators.

The subsequent cease on my studying tour was visiting @Ripple Labs. Thanks @bgarlinghouse! #XRP #crypto #blockchain

— Caroline D. Pham (@CarolineDPham) September 19, 2022

The timing of Pham’s go to had many on social media reacting to the CFTC’s strategy in participating with crypto corporations and token tasks when in comparison with that of the Securities and Exchange Commission, or SEC. On Saturday, the SEC and Ripple each filed motions for abstract judgment in a case alleging the agency’s XRP gross sales violated securities legal guidelines. The case has been ongoing since December 2020.

The consequence of the SEC case may affect which federal regulator may play a larger function in dealing with the XRP token as a commodity or safety. Garlinghouse claimed on Saturday that the SEC wasn’t “interested in applying the law” and alleged the regulator sought to “expand their jurisdiction far beyond the authority granted to them by Congress.”

Related: The SEC vs. Ripple lawsuit: Everything it’s essential to know

Under chair Gary Gensler, the SEC has pursued many enforcement actions towards crypto tasks and associated areas. The regulatory physique labeled 9 tokens as “crypto asset securities” falling beneath its purview in July grievance towards a former Coinbase product supervisor, prompting criticism from Pham on the time.

Cointelegraph reached out to the CFTC, however didn’t obtain a response on the time of publication.


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