On Tuesday (10 January 2023), Fox Business Senior Correspondent Charlie Gasparino warned that if the U.S. Securities and Exchange Commission (“SEC”) wins its ongoing lawsuit against Ripple, the crypto community would see a bloodbath.

Yesterday (10 January 2023), Garparino took to Twitter again to share his thoughts on this lawsuit. Based on his tweet, he believes that if Ripple loses, there will more regulations (or some other form of oversight) that will impact every part of the crypto space including crypto exchanges since he believes that SEC Chair Gary Gensler sees every cryptocurrency other than Bitcoin as a security that needs to be registered.

(By Siamak Masnavi)