Crypto Market Bloodbath If Ripple Loses Case Against The SEC

Charles Gasparino, Fox Business host claims that if Ripple loses the case against the SEC will see a crypto bloodbath

[{"selector":"#anim-8be647b9-e09c-4aaa-a6c0-f1bad709b05c","keyframes":{"transform":["rotate(-360deg) translate3d(-115.30945%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcf960fb-beae-4b33-aa57-6a7528d7a419","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea8f48b5-83b3-41a8-8219-d2ea839f36c0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

By the bloodbath he means that there will be an increased regulatory on the crypto space

[{"selector":"#anim-22900095-52c6-4f3f-83a3-16561ff7897f","keyframes":{"transform":["rotate(-360deg) translate3d(-115.96091%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7397e878-b1fc-4fdc-974e-9a710ac42d70","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e196567-7b5b-4ebe-b926-1e73d4f0e53d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

As per the host, this will have a severe impact on crypto exchanges along with other sectors of crypto

[{"selector":"#anim-5aa07c86-b675-45b7-91ff-0358b4586def","keyframes":{"transform":["rotate(-360deg) translate3d(-115.30945%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b842932d-ace4-4491-bb12-a06c3cecc79f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce33632b-04f7-4fb1-b021-c55e04794e0d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

However, Charles believes that except Bitcoin, most of the cryptocurrencies will see a pull back

[{"selector":"#anim-423ad4ac-0afa-4e69-b8a9-0a64fb96bbd1","keyframes":{"transform":["rotate(-360deg) translate3d(-115.30945%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-620bedf9-bcae-43ce-9374-502278e29534","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb78be8d-5669-4c51-90e9-4b9ac5b17814","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]