24/7 Cryptocurrency News

Fox Business Attacks XRP Again; Sr. Correspondent Calls XRP Ruling A “Twisted Logic”

Fox Business Network's Senior Correspondent Charles Gasparino said the recent XRP Ruling offers a lot of gray areas
Published by
Fox Business Attacks XRP Again; Sr. Correspondent Calls XRP Ruling A “Twisted Logic”

The XRP ruling has been a source of joy to most stakeholders in the digital currency ecosystem, however, it comes with a lot of “gray areas” as top media personality Charles Gasparino is pointing out.

Advertisement

Confusing Language in the XRP Ruling

According to Gasparino, the language used in the verdict presented a ‘twisted logic’ which he claimed “gave crypto to worse of all worlds.” 

Gasparino specifically faulted the delineation between XRP sales on crypto trading platforms and the sales of the same asset to institutional investors. In the ruling, Judge Analisa Torres said the secondary sales of XRP on exchanges does not constitute a security while those sold to institutional investors may be described as such.

To Gasparino, this discrepancy is like turning ‘logic and securities law on its head’. The top media personality believes it would have been more favorable for XRP if the verdict had been whether or not the asset is a security.

Additionally, Gasparino was also not at peace with the way Judge Torres presented the verdict, which said the asset isn’t “in of itself” a security. He believes this presentation opens up a lot of gray areas that are not ideal for an industry that needs regulatory clarity so much.

Gasparino has been known to be very critical of the XRP community, especially with how the case has played out thus far. As reported earlier by Coingape, Gasparino recently referred to the XRP community as a cult, a tag that shows his negative leaning toward the community.

Advertisement

Gasparino May Have a Point

The reaction of the community to Gasparino’s latest tweet was filled with skepticism with some believing there might be a point in his words.

This is because the US Securities and Exchange Commission (SEC) may choose to exploit these gray areas should it choose to appeal the initial verdict of Judge Torres. This possibility implies that the XRP lawsuit is far from over and should the case progress some more, the tides may shift to either that of the markets regulator or the blockchain payments firm, Ripple Labs Inc.

Advertisement

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025