Ripple Case Sparks Tensions as Bill Morgan Counters Gasparino’s Remarks on Judge Torres  

• Bill Morgan highlighted Judge Torres’s rule based on SEC submissions in Ripple’s institutional and secondary XRP sales. 
• Gasparino’s remarks face backlash for targeting Judge Torres despite her adherence to SEC’s case facts and the Howey Test. 
• The partial win in this litigation last year gave Ripple a victory at least for half of 2023 and greatly boosted the XRP community’s anticipation of the case’s conclusion. 

Tension has arisen amid the ongoing Ripple versus SEC case, where crypto-attorney, Bill Morgan, condemns FOX Business journalist, Charles Gasperino for comments made regarding Judge Analisa Torres. Gasparino had described Judge Torres as “doltish” over her ruling in the high-stakes legal battle. Morgan responded, clarifying that the judge’s decision was rooted in the SEC’s submissions, particularly regarding distinctions in Ripple’s XRP sales. 

Judge Torres’ Decision Based on SEC’s Arguments 

Morgan emphasized that Judge Torres differentiated between Ripple’s institutional sales and secondary market transactions, following the facts presented by the SEC. The court ruled that institutional XRP sales constituted investment contracts, while secondary market transactions did not. According to Morgan, Gasparino’s criticisms targeted the wrong individual, as the judge’s decision adhered to the legal framework, including the Howey Test. 

Gasparino’s comments have drawn ire from the XRP community and legal experts alike. A crypto analyst accused the journalist of biased reporting, suggesting Gasparino’s analysis stemmed from a desire to see Ripple lose. The analyst highlighted the objectivity of Judge Torres’ ruling, underscoring its alignment with existing legal standards rather than subjective interpretations. 

Ripple Case Sparks Broader Debate 

Gasparino has in the past been critical of the SEC in the Ripple case saying that it has taken a wrong approach that is a negative to innovation. He claimed that the agency’s actions have driven Ripple’s innovative solution towards adopting cryptocurrencies out of the country – against America’s best interests. Despite these criticisms, his recent comments on Judge Torres have sparked a renewed debate about fairness in legal rulings and journalistic integrity in crypto coverage. 

Ripple’s partial victory in 2023, where the court ruled favorably on programmatic XRP sales, bolstered the cryptocurrency’s market sentiment. The decision triggered a price surge and increased optimism among XRP supporters. Speculation rises as the case goes on as to how that conclusion will be given further by a new SEC chair. 

The Ripple versus SEC case remains very topical for the crypto industry, and any decisions made by either party set up precedents in the regulatory and legal fields of digital currencies.