Morgan Blasts Gasparino Over Judge’s Ruling

Renowned crypto lawyer Bill Morgan has criticized FOX Business journalist Charles Gasparino for calling Judge Analisa Torres “doltish” regarding her ruling in the SEC Vs Ripple case. Morgan explained that the judge’s decision was rooted in the facts provided by the SEC, asserting that Gasparino misdirected his criticism.

> “You think Judge Torres is doltish because she decided that Ripple’s institutional sales directly to institutions are investment contracts and programmatic sales in the secondary market were not investment contracts despite the vastly different facts between the different sales…”
> — bill morgan (@Belisarius2020) December 29, 2024

Morgan emphasized that the SEC made a formal distinction between Ripple’s sales to institutional investors and those in the secondary market, indicating that Judge Torres’ ruling stemmed from the SEC’s arguments and the Howey test, thus absolving her of Gasparino’s claims.

Related: Ripple vs SEC: Gasparino Questions Fairness and Impact

In addition, Morgan reacted to Gasparino’s criticism of a crypto analyst who suggested Gasparino desires Ripple’s defeat. In a recent podcast, the analyst pointed to the objective nature of Judge Torres’ ruling, opposing Gasparino’s views.

Gasparino has faced backlash from both the SEC and XRP proponents for his perspective on the ongoing litigation. He has criticized the SEC’s handling of the case, alleging that it has misplaced priorities and overreached in regulatory matters. He believes the SEC’s actions forced Ripple to relocate its promising technology, resulting in a loss for the U.S.

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

As major deadlines approach, tensions surrounding the SEC Vs Ripple case are rising, with speculation about the incoming SEC chair potentially dropping the case adding new dynamics and raising anticipation among users regarding the final decision on XRP.

Ripple’s partial victory in 2023 buoyed the XRP community and sparked a notable price rally. A similar outcome could amplify demand and usher in a new phase for the cryptocurrency asset.

Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice or any other sort of guidance. Coin Edition is not liable for any losses incurred from the use of content, products, or services mentioned. Readers are advised to act cautiously.