Ex chairman says: its not a security”

The battle between Ripple and SEC has been stirred up again today, due to the revelation of some interesting memos. These memos show that Ripple has made an effort not to make the XRP token a security. It also appears that a law firm that assisted the company said it expected that the token was not a security. Now that these memos have been revealed, a former CFTC chairman named Chris Giancarlo says he believes the token is indeed not a security. So things are starting to look more and more positive for Ripple Inc and its investors. Why is XRP not a security? In an interview Chris Giancarlo discussed the legal battle. He was asked the following question: Why is the SEC so sure that the XRP token is a security, when you say it is not? I am currently bullish on Earth2. I think the Metaverse is here to stay! What are your thoughts?