Did the Ripple Lawsuit Finally Splash to a Halt? Dive into the Juicy Details! 🍭

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Oh, dear reader, gather ’round, for there were whispers—rumors, the kind that tickle your ears—murmuring that the US SEC might, just might, decide to toss the Ripple lawsuit into the bin like yesterday’s soggy toast during their closed-door shindig on July 10! But now the meeting is all but history, and it seems the chickens have come home to roost with nary a decision in sight!

Ripple Lawsuit Still Doing the Cha-Cha in Legal Limbo

Yes, indeed! The Ripple lawsuit is still tap-dancing about after that elusive SEC meeting. The Commissioners seem to be playing a game of limbo with their decisions—as if the bar of whether to drop the appeal is set just too low! XRP folks were clutching their pearls, hoping for a vote that might send the appeal packing. Alas, it appears their hopes have gone up in smoke, just like a delicious chocolate cake left out in the rain.

Even before the curtain rose on the meeting, our old friend, former SEC lawyer Marc Fagel, was waving the proverbial red flag. He warned that discussing the Ripple lawsuit was about as likely as finding a needle in a haystack! They yapped about matters involving all sorts of legal mumbo jumbo, but good ol’ Ripple didn’t make the cut!

Fagel, with a flair for the dramatic, declared post-meeting that the SEC had yet to give Ripple the old heave-ho. Apparently, there’s a tedious process involved—rather like waiting for your bread to rise—one that typically drags on for weeks. Once the Commissioners finally decide to send the Ripple lawsuit packing, the SEC will file those long-awaited dismissal papers, perhaps with a flourish!

Our Ripple captain, Brad Garlinghouse, seemed to think there was a light at the end of this lengthy tunnel, hinting that the SEC might hop on the dismissal bandwagon based on their previous agreement. A synchronized dismissal from both parties would bring a grand finale to this nearly five-year legal jig!

Hasty Votes May Lead to a Cheeky Conclusion!

In another tweet that could make even a snail’s pace seem swifter, Marc Fagel claimed it usually takes a good one to two months for the SEC to muster a vote on an enforcement recommendation. However, he mused—oh, the audacity!—that they might speed things up since they’ve already ticked that box once before! This time around, the vote could be so “perfunctory” that it practically takes itself out for ice cream afterwards!

Upon hearing Garlinghouse claim victory over the SEC, Fagel had a chuckle, alluding to Judge Torres’s ruling that Ripple had, in fact, tucked away hundreds of millions behind the back of unregistered securities sales. And oh dear, they were also told to stop chomping on the law like it was a three-course meal—with a delightful side order of a $125 million fine!

And just to tickle your fancy, at the moment this tale unfurled, the price of XRP was dancing around $2.56—up over 5% in the last 24 hours! Well, isn’t that just delightful?

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2025-07-11 21:18