The post Can This Ripple Ruling Be Overturned? Expert Links Stagnant XRP Price to Judge Torres’ Ruling appeared first on Coinpedia Fintech News

In an interview with The Paul Barron Network, veteran financial journalist Charles Gasparino opened up about how prediction markets and polls, while interesting, might not be as impactful or accurate as they seem. He referenced the 2016 U.S. Presidential Election, where prediction markets showed a strong lead for Hillary Clinton, only for her to lose to Donald Trump

Donald Trump

Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election

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Ripple’s SEC Showdown: Two-Tiered Justice?

Gasparino also discussed the recent developments in the XRP case,discussing the SEC’s ongoing battle with Ripple. He explained that the SEC initially warned Ripple about its coin offerings, which the company continued, leading to charges of selling unregistered securities. Ripple’s defense argued that they followed a similar playbook as Ethereum, which was not penalized in the same way, raising questions about fairness and consistency.

One of Gasparino’s critical points was the problematic nature of Judge Torres’ ruling in the XRP case. He argued that the ruling creates a two-tier system of disclosure—one for institutional investors and another for retail investors. This, according to Gasparino, is a flawed approach that might not hold up under further scrutiny, potentially leading to its overturn.

He said, “In terms of XRP and Ripple, you know, again, I’ve done so much research into this case. You know, the SEC people that were there, that charged them, would say they told them to stop doing these coin offerings, and they wouldn’t stop, so they had no choice but to basically charge them with selling unregistered securities.”

Judge Torres’ Ruling: XRP’s Price Freeze

Gasparino said that there is a ruling by Judge Torres, which he considers weak for the cryptocurrency sector. The issue with this ruling, according to him, is that Judge Torres stated institutional investors—those who purchased Ripple in large quantities—are subject to a higher standard of disclosure than retail investors who buy it on the secondary market.

He questioned the logic behind this distinction, asking why there should be a difference. He disagrees with this ruling and believes it is likely to be overturned, which he also linked to why XRP’s price is currently stagnant.

Also Check Out: XRP News: How Might Ripple’s Legal Victory Impact Future SEC Regulations?

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