XRP Lawsuit News: Ripple Case at Risk of Being Dropped, Says Gasparino

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Charlie Gasparino, a New York Post columnist and FOX Business Senior Correspondent, recently appeared on Anthony Pompliano’s podcast. Gasparino made harsh comments about the SEC’s handling of the Ripple case, calling the regulation unnecessary. 

He discussed the possibility that the ruling might be reversed, potentially putting Ripple back under legal scrutiny. He noted that with changes in political leadership, such as the potential influence of Donald Trump, there could be shifts in how the SEC handles the case. Gasparino made it clear that, as a reporter, he remains neutral in the crypto debate and will cover the story objectively, regardless of the outcome, as he does not have any personal stake in XRP.

“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. That’s a whole other thing you have to worry about. And this is why I get it from both sides, both pro-crypto and anti-crypto,” he said.

Ripple Case Under Paul Atkins

There is growing speculation about how the Ripple case could be affected by the incoming SEC chair, Paul Atkins, following the resignation of the current chair, Gary Gensler, on January 20, the same day as President Trump’s inauguration. The SEC’s filing deadline for its appeal is approaching on January 15, after the agency requested a 90-day extension in October, pushing the deadline past the US Presidential Election. 

The transcripts for the appeal are set to be ordered by December 31 and must be fully delivered by January 30, 2025. March 2025 will be a critical month when the plaintiff will present arguments against Ripple and its CEO, Brad Garlinghouse. Ripple Labs and Garlinghouse must respond by April 7.