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.

https://twitter.com/CarolineDPham/status/1571911498619813890?s=20&amp;t=ebJ9bNNl9060jufzS4mCyA
<h2>A Public-Private Engagement</h2>
Pham claimed to have visited Ripple Labs' headquarters as part of a cryptocurrency and blockchain "learning tour" in a <a href="https://twitter.com/CarolineDPham/status/1571911498619813890">tweet</a> 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.

https://twitter.com/bgarlinghouse/status/1571922558404145158?s=20&amp;t=fMyn-ClcsoB9m-fpH_NWbw

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.
<h2>Implications of SEC Case</h2>
The conclusion of the SEC case may have an impact on whether federal authority treats the XRP coin as a commodity or security. In a <a href="https://twitter.com/CarolineDPham/status/1571911498619813890">statement</a> on Saturday, Garlinghouse asserted that the SEC was not interested in implementing the law and that the regulator was attempting to extend its jurisdiction much beyond the power assigned to them by Congress.

The SEC has taken many enforcement proceedings against cryptocurrency projects and associated industries under the chairmanship of Gary Gensler. In a July lawsuit against a former Coinbase product manager, Pham criticized the regulatory agency at the time when it declared nine tokens to be "crypto asset securities" coming under its jurisdiction.
<h2>CFTC Has Control Over Crypto</h2>
Recently, at a business conference,   SEC Chairman Gary Gensler <a href="https://www.cryptoknowmics.com/news/sec-chair-gary-gensler-plans-to-give-cftc-more-control-over-crypto">said</a> he was looking forward to working with legislators on Capitol Hill to advance proposals to grant the  CFTC additional authority over cryptocurrencies. Gensler emphasized that for the commission to have more control over the market, more authority would need to be given.

CFTC Commissioner Visits Ripple Offices as SEC Case Judgement Approaches

CFTC Commissioner Caroline Pham met Ripple CEO Brad Garlinghouse ahead of the SEC case judgment that would influence how regulators handle XRP currencies.

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CFTC Commissioner Visits Ripple Offices as SEC Case Judgement Approaches

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