The SEC May Drop the Ripple Case After Donald Trump Resumes Office

Charles Gasparino foresees the SEC dropping the case against Ripple.
Gasparino has followed the SEC vs. Ripple case from the onset.
The journalist considers the SEC’s litigation against Ripple unnecessary.

Charles Gasparino, a FOX Business journalist, foresaw that the SEC would drop the case against Ripple after Donald Trump assumes office as the next U.S. President. Notably, Gasparino has been following the SEC-Ripple case from the beginning and crypto lawyer John Deaton noted that Gasparino was the first mainstream journalist to report the SEC’s regulatory overreach in the case.

In a recent interview, Gasparino highlighted the backlash he got from Ripple and XRP supporters despite his efforts to expose the SEC’s unnecessary actions against the project. He stated that with the help of his colleague Eleanor Terrett, he wrote about the SEC’s overreach to raise awareness on the issue.

According to Gasparino, the duo wrote the story in November 2021, highlighting how Ripple faced severe scrutiny from the SEC and the subsequent fight against what he considered an unfair prosecution. He further explained that the story was a follow-up to an earlier investigation that involved Ethereum and Consensys, which were making efforts to establish a unique regulatory regime.

Meanwhile, Gasparino considered the SEC’s litigation against Ripple as a needless adventure. Further, he stated that the case forced Ripple’s potentially game-changing technology overseas and pointed out the judge’s disappointing ruling given at the beginning of the case trial. According to Gasparino, the judgment established a precedent for less disclosure for retail, which he considered a setback for the industry.

Predicting the possibility of a reversed decision, the journalist stated that it would bring the project back on track to its initial program. Despite receiving backlash from XRP supporters and critics, Gasparino assured to continue the story. He strongly added that the SEC would drop the case and focus on other pressing issues after Trump takes over as America’s next president.

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