Gasparino Calls Ripple’s SEC Regulation ‘Needless’ and Judge Torres’ Ruling ‘Idiotic’
New York Post columnist and Fox Business senior reporter Charlie Gasparino shared his views on Ripple regulation, saying that he has always believed that scrutiny of the company and its cryptocurrency, XRP, is unnecessary.
In an interview with Anthony Pompliano, He noted that while the SEC is targeting Ripple, other high-profile figures such as Sam Bankman-Fried have also been involved in serious financial misconduct without facing similar regulatory pressure. Gasparino believes this is an example of overregulation.
He also said that Ripple technology, which is the basis of XRP, has potential, but is now forced to operate overseas due to the lack of clear regulation in the United States. The SEC’s legal action has created uncertainty, and even after the judge ruled in favor of Ripple, Gasparino criticized the ruling.
“So they (the SEC) filed a lawsuit and the judge said, ‘Oh no, investors, retail investors don’t have to disclose, they can not disclose to retail investors, but they should disclose this to the agency.’ This idiot The judge didn’t even know she was setting a precedent that the retail industry should reduce disclosures.”
A judge ruled that Ripple does not need to disclose information to retail investors but should disclose information to institutional investors, a move Gasparino called “stupid.” He said the ruling sets a dangerous precedent for retail investors to reduce disclosures, which explains why the case has become so confusing.
Gasparino explained that his interest in Ripple began a few years ago when he reported on Ethereum’s efforts to establish its own regulatory framework, sparking a viral reaction after Ripple supporters shared snippets of his reporting. Gasparino believes that the scrutiny of Ripple and XRP seems unfair, especially compared to the leniency shown to other figures.
