The post Fox Business Journalist Shares Worst-Case Scenario if Ripple loses to SEC appeared first on Coinpedia Fintech News
The United States Securities and Exchange Commission (SEC) is continuing to place a high priority on its legal struggle against Ripple and is moving in the direction of an expected summary judgment. Even while the majority of people in the community hope that Ripple will prevail, we just can’t seem to get over the fact that SEC could really prevail.
Reporter Highlights Worst-Case Scenario If SEC Wins
In a tweet posted on January 5, 2023, a reporter for Fox Business named Charles Gasparino describes the worst possible outcome that may occur if Ripple were to lose its lawsuit against the regulatory body. This scenario begins with the premise that Ripple is unsuccessful in their legal challenge.
Then, buoyed by the result, SEC head Gary Gensler would very certainly initiate an assault on Ethereum in court due to Ethereum’s sales of the cryptocurrency, says Gaspar
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