Charles Gasparino joined FOX Business Network (FBN) in February 2010 as Senior Correspondent. NY Post columnist. God, Country, Pullups and Vodka in that order
BREAKING— (thread)GOP operatives are for the first time raising the possibility that
@realDonaldTrump
could drop out of the race if his poll numbers don’t rebound. Over the weekend I spoke to a sample of major players; one described Trumps current psyche as “fragile.” I’m
SCOOP: Trump's Truth Social facing significant financial difficulties, vendors say. Its web hosting company says it is owed $1.6 million and hasn't been paid for months:
BREAKING: Prosecutors are telling lawyers connected to
@SBF_FTX
fraud investigation the case is so sprawling that it could exhaust resources of the southern district since it includes potential bribery, campaign contribution violations, market manipulation on top of theft & fraud
SCOOP: Donald Trump and his legal team will likely seek a court order to force the
@FBI
and
@TheJusticeDept
to turn over a physical copy of the search warrant, the affidavit, and a complete inventory of what was taken in the Mar-a-Lago raid. Story developing
BREAKING: Securities lawyers tell
@FoxBusiness
the
@SECGov
will have to investigate itself for market manipulation after moving the price of $BTC up and down following the hacked tweet that it had approved the first spot BTC ETF and then saying it was fake. That said, for the SEC…
BREAKING:
@Ripple
's legal team tell
@FoxBusiness
they have no plans to settle w
@SEC_Enforcement
over lawsuit on XRP, confident they can show
@GaryGensler
in pursuing the case is picking winners and losers in the
#Crypto
business to the detriment of innovation. Story developing
SCOOP: Dem Party sources who have spoken w
@BarackObama
say former prez is growing increasingly anxious about
@BernieSanders
rise in the national polls & where the avowed socialist would take the country; he is considering a public statement addressing it more now
@FoxBusiness
A
@FoxBusiness
investigation into the biggest issue in crypto today:
@SECGov
vs
@Ripple
and whether the regulatory deck was stacked against the company and the tens of thousands of investors who hold the $XRP digital coin --
As someone who saw the internet grow and crash and grow again I would say this to the
#XRPcommunity
— the future of XRP and
@Ripple
won’t be decided by
@SECGov
. It will be decided by the efficacy of the product that will overcome idiotic enforcement efforts if it’s the real thing
BREAKING: People close to
@Ripple
say while the
@SEC_Enforcement
case over XRP has hurt its domestic biz, it's business is thriving overseas, further proof the
@SECGov
crypto enforcement agenda is forcing innovation to occur outside the US. Story developing
BREAKING: The $BTC ETF announcement hack would have violated new
@SECGov
rules adopted in July that require a high level of "cyber security risk management," securities lawyers tell
@FoxBusiness
Here’s what I will promise the
#XRPcommunity
-
@EleanorTerrett
and I will throughly get any conflict of interest involving current and past
@SECGov
officials and
#cryto
regulations. We will be fair and balanced and diligent in our reporting
BREAKING—Lots of talk within the
@NYPDnews
and the detective squad of
@ManhattanDA
that no one wants to draw the straw to be the guys processing
@realDonaldTrump
. Cops believe this case is a political and on the facts a joke, I am told by NYPD sources
BREAKING:
@GaryGensler
met w
@SBF_FTX
twice over the past year, or so. I cant recall another time when an
@SECGov
chair met privately w a target of a major fraud in the months leading up to charges being filed and the targets arrest. Incoming GOP majority will be asking questions
BREAKING: Dem sources say as of now
@JoeBiden
VP is between
@KamalaHarris
&
@RepValDemings
. Despite Demings lower name recognition, I am told via
@LJMoynihan
she's got a legitimate shot. Insiders worried about Harris record as a prosecutor that can be attacked by the left & Trump
BREAKING(1/2):
@SECGov
NOW arguing it has not officially declared $BTC $ETH compliant cryptos, according to testimony in the SEC v
@Ripple
. That appears to be a 180 from not just Bill Hinman's speech, but the regulatory approach of former chair Jay Clayton.
@GaryGensler
spox
Still waiting for the
@SECGov
to explain to me why past blockchains were not in violation of disclosure rules when they were using their crypto to finance the buildout. I get why these are not securities NOW but why weren’t they in violation then?
#xrpcommuity
deserves an answer
Week ago I was in surgery for my prostate cancer; today I’m in the gym. Wasn’t an easy week and I still have plenty of aches and pains. But I’m here which beats the alternative so keep on this stuff. We are all leaky vessels
SCOOP (1/2):
@federalreserve
officials getting increasingly worried about "financial stability" as opposed to inflation as higher rates begin to crush bonds, several big investors tell me. Fed growing worried about possible "Lehman Moment" w a 4% FF rate as Bonds and derivatives
Breaking:
@CNNplus
employees bracing for layoffs possibly as soon as May amid projections of lackluster sales of new streaming channel; CNN employees say new streaming channel could be merged into larger
@discoveryplus
as early as May unless subscriptions pick up 130
@FoxBusiness
Breaking (1/2) One question I have for Jay Clayton (and calls are out to him) why in your last days as
@SECGov
chair do you do a case like the one against
@Ripple
/XRP?Maybe there’s a good explanation. I should also point out the government revolving door is nothing new, so him
Ive never been a
#covid
denier and Im triple vaxxed, but it is scary that just a whiff of a new variant without any evidence that its more virulent than the others and we have the Democratic Party sounding the Armageddon alarm bells & taking the tentative steps toward lockdowns
BREAKING: Senior
@MLB
officials tell
@FoxBusiness
they are near certain there will be major league baseball in 2020 even if the details of the game are still being debated. League closely watching
@NYGovCuomo
for timing on reopening of NYC and games for
@Mets
@Yankees
more now
Breaking: Sources say a GOP House means hearings into
@SBF_FTX
. One focus: SBF meeting w
@GaryGensler
to create a crypto exchange and if he was given preference because of his ties to Dem Party. Also why
@SECGov
didn’t see the FTX implosion coming more now
@FoxNews
@JesseBWatters
As I do my reporting on
@Ripple
case and
@SECGov
's definition of what is or isn't a security, I find that
@GaryGensler
-- at least according to past statements--is even more draconian than Jay Clayton. He suggests
@ethereum
is a security. Try putting that one back in the bottle
Ive requested comment from Bill Hinman on his 2018
#Crypto
speech and he has declined. We have placed calls into
@ethereum
and requested info from Jay Clayton through
@apolloglobal
press office. Havent heard back. Stay tuned for our mystery guest @ 330edt
@FoxBusiness
@LizClaman
BREAKING: After weeks of negotiations, hedge fund billionaire Steve Cohen has told Wilpons he would pay $2 billion for
@Mets
& would pay $2 billion for
@SNYtv
. Other bids for the team so far are lower meaning he is (as reported by
@FoxBusiness
) the lead bid. Timing unclear
SCOOP:
@MLB
sources say owners were blindsided at least by the timing of
@RobManfred
's decision to pull the All-Star game from Atlanta. Also said his decision came after speaking w
@staceyabrams
, which is odd since she has now said she's against the boycott. Story developing
Here’s what I will promise the
#XRPcommunity
-
@EleanorTerrett
and I will throughly vet any conflict of interest involving current and past
@SECGov
officials and
#cryto
regulations. We will be fair and balanced and diligent in our reporting
STAY TUNED:
@EleanorTerrett
and I will be putting together a detailed summary of the various alleged conflicts of interest involving the
@SECGov
's case against
@Ripple
. BTW conflicts don't necessarily mean causation but full disclosure is always necessary for debate
#xrpcommuity
The more I delve into the
@SBF_FTX
implosion and hear how he met w
@SECGov
not once but twice, it's hard not to realize that the SEC really botched its regulatory agenda going after
@Ripple
over unregistered XRP when serious issues of potential fraud always resided w exchanges
BREAKING (1/3): As of today, the official position of the
@SECGov
APPEARS to be that the agency has made no "official" pronouncement on the status of
@Bitcoin
and
@ethereum
as to whether they are or are not unregulated securities, court documents show. Pretty amazing that
BREAKING:
@SEC_Enforcement
v
@Ripple
could decide the future of agency's ability to regulate
#cryptocurrency
& it might not end well. Consider what happened when DOJ pushed the envelope on insider trading resulting in a ruling making prosecution tougher more at 345pm
@FoxBusiness
(2/2) regulation by enforcement is appropriate. Jay Clayton's decision to sue
@Ripple
may have been staff decision, but staff will have to explain key differences between
@Ripple
XRP and
@ethereum
, which has escaped reg scrutiny thanks to
@JohnEDeaton1
lawsuit. Get popcorn ready
BREAKING:
@Ripple
's legal team sees value in the covid-related delay of the SEC's
#XRP
case. They want to grill witnesses for the entire 7-hour deposition limit in person as opposed to via zoom, where it's less effective. More details at 345pm w
@LizClaman
on
@FoxBusiness
MEMO to
#XRParmy
:
@EleanorTerrett
is putting the finishing touches on her
#XRP
-
@Ripple
regulatory road map. She will be exceedingly fair and will give ALL parties a chance to weigh in and influence our final product. Stay tuned
BREAKING --
@JoeBiden
Admin is in the early stages of developing a regulatory approach to the booming crypto biz, sources tell
@FoxBusiness
. Will discuss w
@LizClaman
what's being kicked around re regulation,
@SEC_Enforcement
activities and the possibility of a $BTC ETF
BREAKING: People who know
@GaryGensler
say chances of him ceding power or cooperating to engage the
#Crypto
industry in a new regulatory regime are close to ZERO. He will seek to leverage the
@SECGov
's power on this UNLESS Congress or the courts step in cc:
#XRPcommunity
@Ripple
SCOOP via
@EleanorTerrett
: More bad news for the SEC as a judge grants
@Ripple
's request for the
@SECGov
to turn over documents pertaining to meetings it had with law firms discussing how to classify digital assets among other things. We'll discuss with
@JohnEDeaton1
at 4PM.
SCOOP: People close to
@NEWSMAX
say there's a 90% chance channel is de-platformed by
@DIRECTV
tonight, 2nd conservative-leaning network to go dark on carrier setting up a political battle w GOP congress & possibly
@realDonaldTrump
w DTV's owners
@ATT
& TPG Cap. 345
@FoxBusiness
not convinced yet; he’s got time and he’s running against an opponent who is literally hiding in his basement. Plus the public isn’t focusing yet on just how left wing
@JoeBiden
has become, so much so, he can bring himself to denounce rioting.
BREAKING via
@EleanorTerrett
- Sifting through new docs in
@SECGov
V
@Ripple
is APPEARS that the SEC has adjusted its position on the famous Bill Hinman speech on what constitutes a security from originally his opinion to now the opinion of Corporation Finance Div. Interesting
Breaking —
@Ripple
says it now has a $15 billion market value after buying back all its outstanding private shares held by investors since being issued in Dec 2019.
@SECGov
case is on going and obviously could impact future sales of private stock
#XRP
Maybe someone can answer this basic question: What is the real difference between XRP and
@ethereum
. I get was the
@SECGov
is saying re
@Ripple
ie that it was financed by XRP. BUT wasn't
@ethereum
financed through an ICO?
SCOOP-inside the
@MikeBloomberg
campaign advisers say Bloomy is fuming over
@realDonaldTrump
’s attacks, mocking of his height. BBG now says he will fund even
@BernieSanders
to beat Trump. He plans to ramp up the personal attacks vs Trump through even more pointed TV ads
As I continue to report, whats fascinating about
@SEC_Enforcement
on
@Ripple
@coinbase
is the Feds are giving these outlets - which have embraced regulatory dialogue— more scrutiny than they gave Bernie Madoff. Every industry needs regulations but there is a degree of overkill
BREAKING:
@GaryGensler
roiling
@SECGov
staff w long hours, vast agenda finds himself in an odd place for a progressive: Cross hairs of SEC union that could soon push back. Staffers claim Gensler is using them to burnish his resume & become
@USTreasury
Secty. More 345
@FoxBusiness
SCOOP (1/3): In March 2018
@GaryGensler
then of
@MITSloan
met w then
@SECGov
Jay Clayton to discuss
#Crypto
regulation, stating
@Bitcoin
should not be considered a security but the SEC should crack down on other aspects of the biz, sources confirmed to
@FoxBusiness
. The meeting
🚨SCOOP: In
@SECGov
case against Ripple, SEC lawyers have asked the judge to disqualify
@JohnEDeaton1
as amicus curiae on grounds that he is improperly interfering in the case via social media, a charge that he denies. We will interview Deaton at 3:45PM today
@LizClaman
Heard
@CGasparino
on
@FoxBusiness
He said tomorrow he's having a surprise crypto guest on and if you care about the SEC unfair treatment of
@ripple
you need to watch. Mentioned it was a major player. Said he's gonna "light it up". Said
@cnbc
protects the establishment
BREAKING: Crypto industry says the biggest player in regulating digital coins may not be the
@SECGov
or the
@CFTC
but
@federalreserve
, which is preparing to release its annual report on the business and will provide some clarity. More now
@FoxBusiness
Net - net: significant victory for
@Ripple
on
#XRP
matter because Ripple can now use lack of “fair notice” from
@SECGov
as a defense and possible use it to get case tossed
What may need to happen w
#Crypto
regs is a creation of a new separate reg agency. It's too much of a grey area now &
@SECGov
is regulating through enforcement, which is always opaque. It's turning out to be like insider trading, which is defined based on who is running the govt
The left doesnt want to call the Trump Mar-a-Lago "raid" a "raid." These people also dont want to call a "woman" a "woman." Now you know what youre dealing with.
I’m not
@realDonaldTrump
partisan but I’ve observed him in biz etc for years. His visceral understanding of public sentiment is pretty amazing. He saw the Dem govs/mayors lame reaction to riots and looting and is now running with it and it might just work like it did for Nixon
"SEC must lay out clear guidelines on what cryptocurrencies they view as securities & which they do not" Pat Toomey, ranking member of the U.S. Senate Banking Committee, told FOX Business. "Regulation by enforcement is extremely objectionable & will stifle domestic innovation."
BREAKING: Sources tell
@FoxBusiness
the
@RobinhoodApp
employee trading scrutinized by
@SEC_Enforcement
includes those by the firm's prez Jim Swartwout, who sold shares of $AMC during the meme stock frenzy. Sources say $HOOD's position is the trades arent illegal. Story developing
BREAKING (1/2):
@SEC_Enforcement
sources tell
@FoxBusiness
the logic of the agency's case v
@Ripple
is that the company's infrastructure is STILL being built out so XRP -- the token which was used to finance the thing -- is considered a security.
@ethereum
infrastructure is
ICYMI: A
@FoxBusiness
investigation into the biggest issue in crypto today:
@SECGov
vs
@Ripple
and whether the regulatory deck was stacked against the company and the tens of thousands of investors who hold the $XRP digital coin --
When I work out, particularly doing 6-mile runs, I always listen to
@joerogan
. He recently paid my
@FoxNews
colleague
@kayleighmcenany
the ultimate compliment. Joe called her the GOAT of
@WhiteHouse
flacks and marveled at how she "took a dump on Jim
@Acosta
's head" every day
BREAKING: As
@JoeBiden
WH leaks details of its next spending blowout--$3 trillion for infrastructure--growing number of big investors believe the
@federalreserve
will soon launch a "yield-curve control" operation to prevent gapping yields on 10 & 30-year bonds. Story developing
SCOOP: One senior exec at a major $BTC spot ETF applicant tells
@FoxBusiness
that the
@SECGov
had informed his firm that the fund will be approved today sometime after the close of trading. HOWEVER, he added this caveat: "This is Gensler so who the fuc&% knows when this happens."…
Breaking: Inspector General’s report on
@GaryGensler
’s tenure at
@SECGov
confirms the reporting we’ve done at
@FoxBusiness
that uncovered significant turnover in the senior ranks of the commission. Story developing
just spoke w
@NunbergSam
he told me he's fully cooperating now w Mueller's team and he's intending to go get treatment following his grand jury appearance on Friday
Scoop (1/2) Judge Netburn in
@SECGov
v
@Ripple
has ruled on Ripple’s request for privileged SEC docs in determining
#XRP
as a security. Mixed ruling for Ripple BUT judge says all drafts of former SEC official Bill Hinman’s now famous speech on what constitutes a security
(2/2) working for a firm that is investing in competitive cryptocurrencies ie
@EtheriumToken
isn’t illegal. Still the timing is interesting; seems like something you punt to new admin as
@stevenmnuchin1
did w radical GSE reform Story developing
Listening into
@kimbal
spaces talk on his new crypto idea. Interesting point made
@Bitcoin
is decentralized now but it wasnt when Satoshi ran it. Same for
@ethereum
. So then why is
@Ripple
being held to a different standard?
@GaryGensler
& Jay Clayton should explain tomorrow
#XRP
A few days ago
@BlackberryXRP
tweeted out:
“We were all on TV today” regarding my appearance on the countdown with
@LizClaman
and
@CGasparino
.
We were all granted amicus status today!
@CGasparino
@jungleincxrp
@JohnEDeaton1
@FoxBusiness
@Ripple
Look I do not speak for our Community Charles. I do feel 98% agree with me. You keep doing EXACTLY what you are doing. Uncover the FACTS and share them. That’s the kind of people that make up the XRP ARMY. Thanks for talking to a Leader in our Community
@JohnEDeaton1
Stud Leader.