In a recent episode of Anthony Pompliano’s podcast, Charlie Gasparino, a seasoned New York Post columnist and FOX Business Senior Correspondent, provided his candid insights into the ongoing Ripple case. Gasparino critically assessed the SEC’s approach, deeming the regulation unnecessary. His remarks sparked interest as he speculated on the potential reversal of the ruling, which might bring Ripple back under legal scrutiny.
Potential Reversal and Political Influence
Gasparino delved into the dynamics of political leadership changes, highlighting how figures like former President Donald Trump could influence the SEC’s future handling of the Ripple case. He emphasized his commitment to maintaining neutrality in the crypto debate, ensuring objective coverage of the story. “I think there’s a chance it gets reversed and XRP and Ripple’s back on the hook. The SEC may drop the whole thing now that Trump’s in there,” Gasparino stated, reflecting on the uncertainties surrounding the case.
Ripple Case Under Paul Atkins
With the resignation of current SEC chair Gary Gensler, effective January 20—coinciding with President Trump’s inauguration—there is heightened speculation about how the Ripple case might fare under the incoming chair, Paul Atkins. The SEC’s filing deadline for its appeal is fast approaching on January 15, following a 90-day extension request in October, which strategically moved the deadline beyond the US Presidential Election.
As the legal proceedings unfold, the transcripts for the appeal are anticipated by December 31, with full delivery mandated by January 30, 2025. March 2025 will serve as a pivotal month when the plaintiff will present arguments against Ripple and its CEO, Brad Garlinghouse. Ripple Labs and Garlinghouse must promptly respond by April 7, setting the stage for a consequential legal showdown.
Conclusion
The Ripple case remains a focal point of debate within the cryptocurrency community, with developments closely monitored by investors and regulators alike. As the situation evolves, the potential influence of political shifts and leadership changes at the SEC will undoubtedly play a crucial role in shaping the outcome. For now, industry observers, like Charlie Gasparino, continue to provide valuable insights into the complex dynamics at play, ensuring the story remains at the forefront of financial news.
