The XRP community has been irate after an American journalist made untoward statements about the Ripple and US SEC lawsuit. The journalist has stated that XRP did not emerge victorious in its case, expressing criticism towards Judge Torres’s ruling in the SEC lawsuit. 

Ripple Partial Legal Victory Criticized

American Journalist and senior correspondent for Fox Business News, Charlie Gasparino has taken to X (formerly Twitter) to air out his controversial opinions of the legal case between Ripple and the United States Securities and Exchange Commission (SEC).

Gasparino has refuted Ripple’s partial victory in the SEC case and the journalist condemned the ruling made by US District Judge Analisa Torres that programmatic sales of XRP should not be considered a security. 

“Ripple didn’t win; it lost. Retail XRP holders “won” for now because Judge Torres issued a truly idiotic, split the baby, ruling that’s the laugh of the southern district,” Gasparino stated.

The Fox News correspondent asserted that XRP’s present trading behavior suggests a possible split. He also stated that most securities lawyers would not consider Judge Torres’s decision on the XRP case as a rational evaluation of the securities law.

“XRP is trading as if it is split and there isn’t a securities lawyer in the country who is holding what Judge Torres opined on this case as a model of sane securities law interpretation,” Gasparino said. 

Responding to Gasparino’s outlandish remarks, XRP enthusiast and lawyer Bill Morgan declared that Judge Torres’s ruling was a great

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Author: Scott Matherson

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