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- Charles Gasparino predicts that a ripple lawsuit settlement could come under the next US administration, under the leadership of the next SEC chairman, Paul Atkins.
- This could lead to a re-evaluation of the SEC’s approach to this case, particularly regarding the programmatic XRP sale.
FOX Business Senior Correspondent Charles Gasparino has openly condemned the move by the US Securities and Exchange Commission (SEC) against Ripple. He even speculated on how it would shape the future of the XRP lawsuit.
Charles Gasparino’s take on the SEC’s move against Ripple
In an interview with the POMP Podcast, Gasparino said the SEC’s legal actions were a bit over the top. He noted that unclear regulations in the U.S. crypto industry triggered the lawsuit and pushed Ripple’s technological advancements into foreign markets rather than the U.S.
Gasparino also took aim at Judge Analisa Torres’ ruling in the case, which he described as “idiotic.” The judge divided Ripple’s XRP sales into three categories: institutional sales, programmatic sales, and other distributions. Its decision found that Ripple had violated securities laws regarding the sale of XRP to institutional clients. It ruled that programmatic sales and other distributions are not investment contracts.
This sets a precedent where the institutional investor gets more transparency than the retailer, says Gasparino. In his argument, he argues that such a distinction undermines America’s protection of the small investor. Moreover, the correspondent believes that the decision regarding the Ripple case may be somewhat changed when the newly elected President Donald Trump enters the White House, as reported by CNF.
He pointed to Trump’s possible appointment of Paul Atkins, an outspoken crypto advocate, as chairman of the SEC. Gasparino discussed how that could change the agency’s approach to such cases. According to Gasparino, this change could lead to the withdrawal of appeals filed by the SEC or a reconsideration of their position on the programmatic selling decision.
In the meantime, it is important to note that the case is being referred to the Second Circuit Court of Appeals. The SEC appeal filing date is approaching. The January 15th deadline could go against the case if not met, and Ripple could respond with a counterargument after the SEC filing.
A harsh reaction due to Gasparino’s comments
Gasparino’s remarks sparked a backlash within the crypto community. Critics include Tony Edwards, host of the Thinking Crypto podcast, who argued that Gasparino is biased, as his criticism of Judge Torres’ ruling is seen as more of a desire for Ripple to lose the case.
Pro-XRP attorney Bill Morgan chimed in, criticizing Gasparino’s interpretation of the judge’s ruling. He clarified that the judge was only dealing with programmatic XRP sales, not broader secondary market transactions. Despite the criticism, Gasparino has denied bias, maintaining that his reporting on the Ripple case is unbiased and objective.
Crypto market analysts are hopeful that the settlement of the XRP lawsuit could lead to a strong rise in the price of XRP to a double-digit value of $10 and above, according to a CNF report. Cryptocurrency Ripple has started 2025 strong, rising 15% in the last 24 hours amid a broader market rally.
