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'Nightmare Ripple-SEC Scenario' Described by Fox Business' Charles Gasparino

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.Ripple loses to the SEC, Gensler could target ethereum: Potential 'nightmare crypto scenario' from Cgasparino XRParmy

January 5, 2023

At the moment, all eyes of the XRP community and the crypto space overall are on the lengthy lawsuit between the crypto giant and the regulator. The parties continue to file additional documents, their supporters submit their amicus briefs. Chief of Ripple Bradley Garlinghouse expects the settlement between the parties to happen in the first quarter of 2023.

As reported by U.Today earlier, Charles Gasparino offered his 163,800 followers on Twitter to get acquainted with what he believes to beThe main reason amid the current debacle of the FTX exchange and its founder Sam Bankman-Fried, who has been arrested for defrauding investors, is constant sales of XRP by Ripple despite the SEC's warnings.

He said that Ripple's management was flouting the authority of the regulator as it kept on selling XRP despite notices to stop that were coming from the SEC. As for the second biggest blockchain, Ethereum, Gasparino said that it"did possibly one sale and stopped. No case." He rushed to add that he was not taking sides, just reporting and explaining his take on the case.

According to a recent poll conducted by CryptoLaw founder John Deaton, who closely follows the case, the XRP community expects

 

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