Following Judge Torres’ ruling on XRP in the Ripple case, Deaton has emerged victorious in his bet against Fox Business’ correspondent Gasparino. In a much-anticipated ruling on the ongoing legal battle between the United States Securities Exchange Commission (SEC) and Ripple, Judge Analisa Torres declared that XRP is not a security. However, a mixed verdict […] The post Fox Business’ Gasparino Confused About His Bet With Deaton on Ripple vs. SEC Ruling first appeared on The Crypto Basic.

Fox Business’ Gasparino Confused About His Bet With Deaton on Ripple vs. SEC Ruling

Following Judge Torres’ ruling on XRP in the Ripple case, Deaton has emerged victorious in his bet against Fox Business’ correspondent Gasparino.

In a much-anticipated ruling on the ongoing legal battle between the United States Securities Exchange Commission (SEC) and Ripple, Judge Analisa Torres declared that XRP is not a security. However, a mixed verdict on Ripple’s XRP sales has left experts divided.

Notably, Attorney John E. Deaton emerged victorious in his bet against FOX Business Senior Correspondent Charles Gasparino, as the judge’s decision leaned favorably towards Ripple and XRP.

Gasparino and Deaton’s Bet

As  previously reported by The Crypto Basic in March, Gasparino insisted that the judge would rule in favor of the SEC because no public figure would like to lean towards crypto due to the FTX implosion.

 

Deaton disagreed, arguing that XRP would come out victorious in the lawsuit. However, Deaton emphasized that this does not mean Ripple would secure an outright victory. Gasparino initiated a bet on this, noting that he’d buy dinner if Ripple won. However, Deaton agreed to buy the dinner if the SEC emerged victorious.

 

Judge Torres’ Ruling

The court  delivered its final ruling yesterday

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