Charlie Gasparino criticizes the SEC’s focus on Ripple, labeling it unnecessary. He believes this scrutiny exposes inconsistencies and unfair treatment compared to individuals like Sam Bankman-Fried, who face less regulatory pressure despite severe misconduct.

Due to unclear regulations in the U.S., Gasparino notes Ripple’s need to operate internationally. He warns that such regulatory actions create market instability and a dangerous precedent for investor disclosures, potentially affecting market fairness and transparency.