Gasparino Slams SEC’s Ripple Case, Predicts Major Legal Shift

• Gasparino labels SEC’s Ripple ruling as “idiotic” and unclear.
• SEC’s appeal deadline set for January 15, 2025, with key hearings ahead.
• XRP price could rise significantly if legal battle resolves in Ripple’s favor.

As the SEC’s legal battle with Ripple intensifies, Fox Business’s Charles Gasparino raises concerns about the regulatory overreach. He predicts that upcoming political changes may drastically impact the future of Ripple and XRP, potentially leading to massive market shifts.

Gasparino Weighs in on  Ripple Vs SEC Case

The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple could experience major changes in coming months. Fox Business Senior Correspondent Charles Gasparino recently criticized how the SEC is handling the case. He expressed concerns that the SEC’s actions have led to regulatory overreach, thus it has driven Ripple’s technology abroad due to unclear regulatory policies.

Gasparino categorically criticized the ruling by Judge Analisa Torres’s ruling and referred to it as an “idiotic” decision. He said that the ruling enabled institutional investors to receive more information on disclosures than retail investors which could harm investor protection. This ruling has further fueled the debate on the SEC’s regulatory approach toward the crypto industry, especially because it lacks consistency and clarity.

Gasparino predicts that political changes could influence how the SEC approaches the SEC case. He noted that the inauguration of President Donald Trump and possible appointment of Paul Atkins as SEC Chair could shift the Commission’s regulatory approach. This could influence the SEC to reverse its regulatory policy and allow programmatic sales or completely drop the appeal.

The SEC’s appeal process continues as key deadlines approach. The deadline to submit the appeal is set for January 15, 2025, following a 90-day extension requested in October 2024. Transcripts for the appeal must be fully delivered by January 30, 2025, while March 2025 is marked as a critical month for Ripple’s defense.

Ripple and its CEO, Brad Garlinghouse, will respond to the plaintiff’s arguments by April 7, 2025. These proceedings will likely play a key role in redefining the future of Ripple, XRP and the cryptocurrency industry. Gasparino emphasized his commitment to neutrality, saying that he does not hold any XRP and aims to report the story objectively. However, he stated that he had received criticism from both pro-crypto and anti-crypto communities.

The crypto community has expressed mixed reactions to Gasparino’s comments. Some crypto analysts, like Tony Edward, accused him of bias and pointed that he wants Ripple to lose the case. Others, such as lawyer Bill Morgan, criticized Gasparino’s interpretation of the ruling. Bill explained that the ruling only addressed Ripple’s programmatic sales and not all secondary market transactions.

XRP Price Prediction

This legal battle shows the complexity of cryptocurrency regulation and its impact on the future of digital assets. The outcome of the case as well as potential shifts in political leadership in the United States will likely affect Ripple’s position in the market. Analysts believe that XRP price could surge in 2025 if the  SEC pulls back from its legal offense against Ripple and XRP breaks above the $2.60 level. Under these conditions XRP could hit a price target of $27 by the end of the year.