Gasparino’s fiery encounter with XRP ‘cult’ leaves Ripple community divided

TL;DR Breakdown

  • Gasparino engages in a heated dispute with the XRP community, labeling them a “cult.”
  • Ripple faces potential penalties of up to $1 billion in its legal battle with the SEC.
  • Gasparino questions Ripple’s ability to handle the financial blow and suggests potential strategies.

Description

In a clash of titans, Fox Business’ Charles Gasparino finds himself embroiled in a fiery dispute with members of the XRP community, whom he has boldly labeled a “cult.” The ongoing legal struggle between Ripple and the SEC provides the backdrop for Gasparino’s encounters with the passionate XRP backers, resulting in frustration and professional exhilaration … Read more

In a clash of titans, Fox Business’ Charles Gasparino finds himself embroiled in a fiery dispute with members of the XRP community, whom he has boldly labeled a “cult.” The ongoing legal struggle between Ripple and the SEC provides the backdrop for Gasparino’s encounters with the passionate XRP backers, resulting in frustration and professional exhilaration for the Fox anchor.

Gasparino, known for his outspoken nature, took to Twitter to recount his tumultuous interactions with the XRP community, shedding light on the tumult that ensues when he reports on matters they vehemently oppose. “When I reported a few things they hate, I’m public enemy No. 1,” Gasparino tweeted, highlighting the intense backlash he receives from the fervent XRP supporters.

Ripple, synonymous with XRP cryptocurrency, faces potential penalties of up to $1 billion amid their ongoing legal battle with the SEC. Gasparino recently expressed skepticism regarding Ripple’s ability to handle such a substantial financial blow, casting doubt on the firm’s plans to navigate this financial storm. He posited that Ripple might deplete its $1 billion cash reserve or dilute its XRP holdings if it intends to continue operations.

Adding fuel to the fire, Gasparino unintentionally fanned the flames of controversy by inadvertently promoting an XRP-related fraud. Seeking to highlight Ripple’s purported disassociation from XRP, he quote-tweeted a message allegedly from Ripple, which revealed an affiliation with Coinbase and urged readers to get involved. Gasparino’s misstep drew even more ire from the XRP community, with users like King Solomon calling him out on Twitter, stating, “You just quote tweeted a scam post.”

However, amidst the heated exchanges, a glimmer of praise emerged for Gasparino’s writing prowess. The XRP community hailed his work as heroic when it was published, demonstrating the power of his words to captivate and inspire. Gasparino’s relentless pursuit of truth and willingness to delve into controversial topics have earned him acclaim and disdain, further solidifying his role as a prominent figure in the XRP saga.

As the market grapples with the implications of the Ripple v. SEC ruling, Gasparino delivered a sobering perspective, tempering the initial euphoria that had propelled XRP to fourth place on CoinMarketCap. He questioned whether the ruling was truly a victory for the San Francisco-based company, refuting any claims of pursuing an interview with Ripple’s CEO, Brad Garlinghouse.

Gasparino’s clashes with the XRP community testify to the intensity surrounding Ripple’s legal battle. With transition words like “Moreover” and “Consequently” punctuating the ever-evolving narrative, the stage is set for a continued clash of opinions and an uncertain future for Ripple and its fervent supporters.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Gasparino’s fiery encounter with XRP ‘cult’ leaves Ripple community divided

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月17日 20:52
Next 2023年7月17日 23:26

Related articles

  • Jimbos protocol offers deal to attacker following exploit

    TL;DR Breakdown Jimbos protocol has offered a deal to the attacker that stole $7.5 million from its platform. The platform is working with security agencies to fish out the attacker. In a recent incident, the team behind the decentralized finance (DeFi) application Jimbos Protocol has taken a unique approach to deal with an exploiter who drained $7.5 million from its treasury-owned liquidity pool. The team has offered the attacker a proposition: return 90% of the funds and keep the remaining 10%, or face potential prosecution and legal consequences. Jimbos asked the attacker to take the deal or face prosecution On May 28, the Jimbos team posted a message on the Ethereum network, stating that if 90% of the funds were returned, the attacker would not be prosecuted. Seeking a response, they later issued a second message on the same day, setting a deadline of “tomorrow by 4 PM UTC” for the return of the funds. The team emphasized that failure to comply would result in their collaboration with law enforcement agencies. Following the expiration of the deadline, the team announced…

    Article 2023年6月3日
  • Coinbase will continue to suffer until crypto proves its worth

    TL;DR Breakdown Coinbase’s future success hinges on cryptocurrency’s broader utility beyond trading. Despite Q2 losses being less than anticipated, concerns about the company’s valuation persist. Goldman Sachs emphasizes the need for crypto to demonstrate daily life utility. Wall Street offers mixed predictions on Coinbase’s trajectory. Description Coinbase, the digital currency behemoth, may have posted encouraging financial figures recently, but its journey to dominance is still plagued with hurdles. The crypto realm, dominated by volatile trading and speculations, raises questions about its everyday utility, leaving businesses like Coinbase dangling on uncertain strings. Facing the Crypto Conundrum Goldman Sachs, a banking giant, isn’t … Read more Coinbase, the digital currency behemoth, may have posted encouraging financial figures recently, but its journey to dominance is still plagued with hurdles. The crypto realm, dominated by volatile trading and speculations, raises questions about its everyday utility, leaving businesses like Coinbase dangling on uncertain strings. Facing the Crypto Conundrum Goldman Sachs, a banking giant, isn’t too optimistic about Coinbase’s future unless crypto showcases its daily life utility beyond mere trading. This sentiment comes in the wake…

    Article 2023年8月7日
  • Card games evolve with ‘Sealed Mode’ in Gods Unchained

    TL;DR Breakdown Gods Unchained introduces “Sealed Mode,” a novel gameplay format inspired by traditional card games, offering players random card sets for competitive play. In a groundbreaking move, Immutable’s NFT-based system grants true ownership of digital cards, bridging the gap between physical and digital card gaming. Description In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. … Read more In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. The announcement, made on September 13th via a blog post, has sent ripples through the gaming community, drawing parallels with…

    Article 2023年9月14日
  • Israel’s high-tech takedown of $1.7M in crypto from Iran military and Hezbollah

    TL;DR Breakdown Israel recovered $1.7 million in cryptos from the Iranian military and Hezbollah with the assistance of Chainalysis, demonstrating their involvement in illegal  funding and terrorist activities. Israeli authorities have previously seized cryptos belonging to the Hamas paramilitary wing in Gaza as part of its counter-terrorism efforts. The successful operation shows the necessity of law enforcement and blockchain analysis firms working together to combat crypto misuse, highlighting the need for worldwide coordination to combat new digital financial dangers. Description According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible.  According to Chainalysis, the seizure of cryptos from Hezbollah and the … Read more According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made…

    Article 2023年6月30日
  • Ripple CLO Accuses SEC of “Political Power Play” in Crypto Security War

    TL;DR Breakdown Ripple’s General Counsel accuses the SEC of a “political power play” in its aggressive crackdown on the crypto industry, arguing that the regulator lacks jurisdiction over certain cryptocurrencies like XRP. The SEC’s lawsuit against Ripple has sparked uncertainty in the crypto market, with XRP’s classification as security remaining a central point of contention. Description In a heated exchange on social media, Ripple Labs Inc’s General Counsel, Stuart Alderoty, launched a scathing attack on the United States Securities and Exchange Commission (SEC) over its relentless efforts to crack down on the cryptocurrency ecosystem through what he perceives as a politically motivated “security war.” The dispute centers around the SEC’s classification … Read more In a heated exchange on social media, Ripple Labs Inc’s General Counsel, Stuart Alderoty, launched a scathing attack on the United States Securities and Exchange Commission (SEC) over its relentless efforts to crack down on the cryptocurrency ecosystem through what he perceives as a politically motivated “security war.” The dispute centers around the SEC’s classification of certain cryptocurrencies as securities, leading to legal battles and regulatory…

    Article 2023年7月24日
TOP