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XRP Might Make You Poor, Says Fox Business Journalist

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Fox Business host Charles Gasparino has cautioned XRP holders that controversial token is unlikely to make them rich

In a recent post on the X social media network, Charles Gasparino, a prominent reporter at the Fox Business channel, has "In other words, you are probably not getting rich on XRP and might be getting poor depending on how this shakes out," he wrote on the X social media network.

According to the Fox Business host, the SEC will stop at nothing to overturn the ruling by U.S. District Judge Analisa Torres in the Ripple case., the judge found that Ripple violated security laws with its institutional sales. However, secondary XRP sales did not constitute investment contracts in a win for the San Francisco-based company.The price of the XRP token briefly surpassed the $0.8 level following the favorable ruling in July. However, it quickly gave up its gains.

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