Charles Gasparino Continues Feud with XRP Community
Renowned Fox Business reporter Charles Gasparino has once again stirred up controversy with the XRP community. Gasparino’s recent comments about the cryptocurrency and its supporters have sparked outrage among XRP enthusiasts.
Gasparino’s Criticism
Gasparino boldly stated that there is no “XRP army,” implying that the community lacks substance. He went on to suggest that those involved with XRP are primarily responsible for enriching insiders rather than creating a strong community of supporters.
Critique of Ripple Case Ruling
In a recent development, Gasparino openly criticized the ruling made by U.S. District Judge Analisa Torres in the Ripple case, branding it as “dumb.” He also raised doubts about the future of the lawsuit following the departure of SEC Chairman Gary Gensler.
Speculation on SEC’s Stance
Gasparino’s latest New York Post article delves into the potential impact of Paul Atniks, a libertarian nominee for the new SEC Chairman, on the cryptocurrency industry. According to Gasparino’s sources, the SEC may not drop its ongoing case against Ripple despite changing leadership.
XRP Token Rally
Gasparino highlighted the significant rally experienced by the XRP token in the fourth quarter of 2024. However, he pointed out that the gains primarily benefited insiders, such as Ripple co-founder Chris Larsen, whose net worth surged by over $6 billion during the rally.
Despite the initial surge, the XRP token has since retraced a portion of its gains, raising questions about the sustainability of its growth.