👀Fox Business Journalist Warns: XRP Could Make You Poor!
Charles Gasparino, a well-known face on Fox Business, recently took to social media platform X to deliver a sobering message to XRP holders: beware, as your investment could lead to financial losses.
Gasparino's cautionary words stem from Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Despite a recent favorable ruling for Ripple in court, Gasparino believes the SEC will stop at nothing to overturn the decision.
The SEC alleges that Ripple violated security laws through its institutional sales, although the court ruled in favor of Ripple regarding secondary XRP sales. This legal uncertainty has left XRP's price volatile, briefly hitting $0.8 before retracting.
Currently, XRP trades at $0.62, struggling to regain its post-ruling high amidst broader market uptrends. Gasparino warns that Ripple's troubles are far from over, as the SEC plans to appeal the court's decision and intensifies efforts to classify Ethereum as a security.
With Ripple potentially facing over $2 billion in penalties and fines, Gasparino's words serve as a stark reminder of the risks associated with investing in XRP. Stay tuned as this legal saga continues to unfold.
