FOX Sr. Journalist Calls Ripple Case Ruling “Dual Notion”; XRP Lawyer Replies
XRP News: The summary judgment in the U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit has sparked an online debate among professionals about whether District Judge Analisa Torres presented a right precedent. FOX News Journalist has been actively targeting Ripple executives and the XRP community over this matter.
Also Read: Dogecoin Payments On X Hard To Roll Out, Says Coinbase Exec
Is XRP Ruling A Judge’s Mistake?
Charles Gasparino, a FOX News Senior correspondent in a fresh attack stated that there are too many securities lawyers he can suggest who thinks that the Judge in XRP lawsuit gave a strange decision. He mentioned a statement given by the former SEC official John Reed Stark which suggests that the ruling in the Ripple case is troublesome on multiple fronts.
Attorney John Deaton, XRP holders’ lawyer took cognizance of the matter and stated that he is familiar with the former SEC executive’s opinion. XRP’s lawyer has invited Stark to debate the merits of Judge Torres’s decision.
Pro-XRP lawyer claimed that former SEC official’s assertions were wrong before the ruling in the XRP lawsuit was announced. However, he still stands wrong, Deaton added. Read More XRP News Here…
Crypto Industry Needs New Rules
FOX journalist countered back citing that he can produce example after example of lawyers and commentators who agree with his opinion on the record. Meanwhile, he added that there are 2 classes of investors in XRP turn out to be one of the dumbest precedents ever created. He cannot allege that XRP is a security but a Dual class notion will eventually lead to more confusion ahead.
Pro-XRP lawyer agreed that confusion can occur but that’s what happens when the US SEC leads by Regulation by Enforcement. It is a prime example of applying a test from 1946 in the modern day blockchain technology led era.
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