Ripple Controversy After US SEC Lawsuit
Many members of the XRP community are upset after Charlie Gasparino, a senior correspondent for Fox Business News, made critical remarks about the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Gasparino criticized Judge Analisa Torres’ verdict that programmatic sales of XRP should not be considered a security, claiming that XRP did not win the case.
Gasparino argued that the trading behavior of XRP suggests a possible division, and he does not believe that Judge Torres’s ruling aligned with rational securities law. However, XRP enthusiast and lawyer Bill Morgan disagreed, stating that the ruling was a significant victory for Ripple because the judge determined the token wasn’t a security.
Community Response to Criticisms
The XRP community had mixed reactions to Gasparino’s comments. Many believe the ruling provided clarity in the ongoing SEC case and disagreed with his assessment of the situation. Some even criticized the correspondent, questioning his professionalism and integrity, stating that his remarks were damaging to the company and the judge involved.
Hot Take: XRP Community Responds
While views are mixed, what is clear is that the XRP community both highly values the ruling in XRP’s favor and views Gasparino’s opinions with skepticism. This development and reactions underscore the significance of the ongoing case and its implications for digital currency markets and participants. Stay tuned for new updates!
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