Fox Business correspondent Charles Gasparino It escalated His feud with the XRP community.

Gasparino, a prominent financial reporter, recently stated that there is no “XRP army,” drawing the ire of supporters of the fourth-largest cryptocurrency by market capitalization.

According to the reporter, the community consists mainly of those who “bought the currency and made the insiders rich.”

Earlier this week, Gasparino also criticized US District Judge Analisa Torres' ruling in the Ripple case, calling it "stupid."

It has also been suggested that the SEC may not dismiss Ripple's lawsuit despite Gary Gensler's departure.

In his recent New York Post op-ed, Gasparino, citing sources familiar with the matter, claimed that the cryptocurrency industry may not necessarily get a free pass with liberal Paul Atnicks, who has been nominated to replace Gensler as the new head of the SEC. In fact, the report says that the SEC may not drop its long-standing case against Ripple.

In the last quarter of 2024, the XRP token saw a massive rally. but, According to For Gasparino, only insiders really managed to get rich.

like Reported by U. TodayRipple co-founder Chris Larsen's net worth has risen by more than $6 billion due to the rise in XRP prices.

The XRP token has already given up a significant portion of its gains.