Ripple & SEC: It’s Over (Probably)! 🤯

Ah, yes. James K. Filan, that diligent chronicler of the Ripple versus Securities and Exchange Commission saga – a man one suspects thrills at the intricacies of legal filings – has deigned to grace X (formerly Twitter, for those clinging to passé nomenclature) with another update. A truly momentous occasion, wouldn’t you agree? 🙄

It appears the SEC, that tireless guardian of investor well-being (and bureaucratic overreach), has submitted a status report to the Court of Appeals. A report, brimming no doubt with the thrilling details that both parties have filed a ‘Joint Stipulation of Dismissal’ for their respective appeals. Pending, naturally. One doesn’t simply dismiss things with a flourish, you see. That would lack a certain…dramatic tension.

#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court.

The report, dated August 15th of our Lord 2025-a date that, one imagines, will be etched in the annals of crypto-history-confirms this tedious procession of legal phrasing: “the parties have filed a joint stipulation of dismissal… each party to bear its own cost and fees.” Oh, the gallantry! Each side footing its own bill. A revolutionary concept. ✨

Bill Morgan, a lawyer who apparently dedicates a significant portion of his existence to the XRP universe, assures us this is all rather… formal. A mere punctuation mark at the end of a very long, and likely very expensive, sentence. One suspects he’s been saying that for years. Still, it’s good to have a reassuring voice amidst all the legal hoopla.

A Fond (and Very Long) Farewell

Earlier this month, Ripple and the SEC agreed to drop their appeals. An end, they proclaimed! A definitive conclusion! One can only hope. Though, knowing the legal profession, a further appeal of the dismissal isn’t entirely out of the question. Perhaps a meta-appeal? A dismissal of the dismissal? The possibilities are delightfully (and maddeningly) endless. 🤪

On August 7th, the SEC filed that ‘Joint Stipulation of Dismissal’ – a lovely bit of paperwork involving Ripple Labs, Bradley Garlinghouse, and Christian A. Larsen. It resolves the civil enforcement action, promises no further fireworks… for now.

Let us not forget the preceding drama: a $125,035,150 penalty imposed on Ripple, and a stern injunction prohibiting them from violating the Securities Act of 1933. So much drama! So many zeroes!

The SEC helpfully informs us that the judgment still stands. And Stuart Alderoty, Ripple’s chief legal officer, has declared it “the end.” A bold statement, that. A proclamation best met with a skeptical raised eyebrow and a gentle sigh. But one can always dream, can’t one? 🤷

2025-08-16 13:33

A Fond (and Very Long) Farewell

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