Fox Business correspondent Charles Gasparino renewed his long-standing criticism of XRP holders on Sunday, publicly mocking retail investors in the cryptocurrency community with a post on X. His renewed attack characterizes XRP supporters as unwitting participants in a scheme that benefits Ripple’s wealthy leadership, particularly CEO Brad Garlinghouse.
Gasparino’s latest commentary marks another chapter in an ongoing dispute with what the XRP community calls the “XRP Army.”
His Sunday posts questioned how much profit Garlinghouse and other Ripple executives have accumulated from retail investor participation in XRP.
Gasparino has long been critical of XRP and its community, frequently using his platform at Fox Business to express skepticism about the cryptocurrency and its backers. His latest remarks specifically target the relationship between Ripple’s leadership and the retail investors who support XRP in the market.
According to Gasparino’s commentary, retail XRP holders serve as liquidity providers for executives to exit their positions at higher valuations. He framed this dynamic as a one-sided arrangement where ordinary investors bear the risk while company insiders capture profits.
Ripple CEO Brad Garlinghouse has remained a central figure in Gasparino’s criticism. Garlinghouse leads the blockchain company behind XRP, one of the cryptocurrency market’s most controversial assets. Ripple has faced ongoing legal challenges, including a protracted lawsuit with the U.S. Securities and Exchange Commission regarding XRP’s regulatory status.
His attacks have consistently focused on what he views as misleading narratives within the XRP community. His criticism has included claims that retail supporters of XRP lack sufficient understanding of the token’s fundamentals and the company’s business model.
XRP remained among the top ten cryptocurrencies by market capitalization at the time of his Sunday commentary, despite ongoing regulatory uncertainty and his persistent public criticism. XRP has experienced significant price volatility throughout its history.
Gasparino’s feud with XRP supporters extends back several years, with repeated exchanges between the journalist and members of the cryptocurrency community on social media. His Sunday remarks suggest the dispute shows no signs of abating.
Ripple has not issued an immediate public response to Gasparino’s latest commentary. Brad Garlinghouse typically addresses major criticism through official company channels or social media platforms when he chooses to respond.
Garlinghouse has previously defended XRP and Ripple’s business practices against various critics, though he has not directly addressed Gasparino’s specific characterizations of executive profit-taking in recent statements.
Industry observers and content creators have noted that Gasparino’s criticism reflects broader concerns raised by some market participants regarding executive compensation and insider participation in cryptocurrency projects. Concerns about insider profit-taking have appeared across multiple blockchain projects and cryptocurrency companies.
XRP holders responded to Gasparino’s Sunday posts through social media, with supporters defending their investment thesis and criticizing his characterization of their community. XRP advocates have historically dismissed his criticism as uninformed or commercially motivated.
Gasparino’s position at Fox Business gives his commentary significant reach within financial media circles. His regular appearances on Fox programming have established him as a prominent voice covering cryptocurrency and digital assets, though his perspectives remain controversial within the crypto community.
Regardless, Ripple continues operating as a major player in the blockchain sector despite regulatory headwinds and persistent public criticism. XRP remains listed on major cryptocurrency exchanges worldwide and maintains a substantial market capitalization.
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