New York Post Takes Jab at Ripple XRP Ruling: Lawyer Hits Back!
The XRP lawsuit is taking unexpected turns as the crypto community eagerly awaits the Ripple vs SEC case settlement. While there are multiple speculations about the outcome, a recent controversy has erupted after the New York Post published a critical piece questioning the recent Ripple ruling.
Gasparino's Column Sparks Debate
In a recent New York Post piece, Charles Gasparino questioned the motive behind Judge Anita Torres’ verdict concerning XRP and Ripple. The article has led to a debate within the crypto community and legal circles, with many defending Judge Torres' impartiality.
Ripple's Legal Victory: A Recap
On J, Judge Torres handed down a summary judgment, marking a decisive victory for Ripple by classifying XRP as a non-security. This landmark ruling resulted in a 100% price surge for XRP, and experts are calling the Ripple ruling a win for the industry. The SEC is challenging a New York District Court’s 2025 ruling, which stated that XRP, when sold to retail investors, does not qualify as an unregistered security.
Judge Torres' Decision Under Scrutiny
The column questioned Judge Analisa Torres' decision in the SEC's lawsuit against Ripple, where the SEC claimed XRP is a security, but the judge ruled it is not. A column by Charles has fueled criticism regarding the logic behind the legal determination.
Lawyer Responds to New York Post Criticism
The crypto community and numerous legal experts have come to Judge Torres' defense, highlighting the thoroughness of her analysis and the precedents used in the ruling. Brad Garlinghouse, chief executive officer of Ripple, has not yet publicly commented on the matter, but legal representatives for Ripple have reportedly pushed back against the New York Post's insinuations.
SEC's Challenge and Ripple's Defense
According to court papers, Judge Analisa Torres ruled that Ripple and the SEC used the wrong rule to ask for a change. They tried to dissolve an injunction and chop a specific section of the judgment. The SEC continues to pursue its case, arguing that XRP does constitute a security, particularly when sold to institutional investors. This ongoing legal battle underscores the complexities of regulating digital assets.
How Lawyers and Crypto Twitter Are Reacting
Here’s how lawyers and Crypto Twitter are reacting to the New York Post article and the ongoing Ripple vs SEC case. The debate continues, highlighting the significance of this legal precedent for the future of cryptocurrency regulation in the United States.