SEC’s Challenge to XRP Ruling
Fox Business journalist Charles Gasparino warns XRP investors that the SEC may overturn the previous ruling that favored Ripple. If SEC Chair Gary Gensler classifies Ethereum as a security, it could lead to a reversal of the XRP ruling.
Impact on XRP Investors
Gasparino believes that if the SEC overturns the ruling, XRP investors could face financial losses. The cryptocurrency’s price could plummet, with little chance of recovery for years.
BlackRock’s XRP ETF Rejection
Gasparino also highlights BlackRock’s rejection of an XRP ETF. He criticizes XRP enthusiasts for overestimating the cryptocurrency’s value. BlackRock’s stance on XRP remains uncertain, but it has denied plans to launch an XRP ETF in 2023.
