Ah, the Ripple vs SEC saga continues to unfold like a poorly plotted Russian novel, replete with unexpected twists and a cast of characters that would make even Dostoevsky raise an eyebrow. The buzzing hive of rumors suggests that Ripple might be considering paying their hefty fine in XRP tokens. However, the astute Marc Fagel, a former sage of the SEC, has dispelled this fanciful notion. He declared, with the confidence of a man wielding a well-sharpened quill, that the $125 million fine has already been settled—specifically in wads of cash, not the shiny digital tokens that so many desire.
One must ponder: what kind of drama are we witnessing? Why does this case still hang in the air like the lingering aroma of yesterday’s borscht?
Ripple’s Payment: Cash, Sweet Cash
Whispers abounded that Ripple would opt to pay their dues in the ethereal form of XRP. Alas, these phantasms have been thoroughly banished by the wisdom of those in the know. Marc Fagel has spoken with the authority of a man who knows his lattes from his espressos; Ripple has already coughed up the full penalty—cash in hand, mind you! Oh, and let’s not forget: the court saw to it that payments are to be rendered in silver and not in whimsical cryptocurrencies.
They already paid in cash. Sorry.
— Marc Fagel (@Marc_Fagel) July 16, 2025
Initially, Ripple’s coffers were reportedly emptied to the tune of $125 million, but lo and behold, the latest terms have sweetened the deal; Ripple now only needs to part with $50 million, while the remaining $75 million sits cozy in an escrow account, awaiting the conclusion of this riveting legal ballet.
The Never-Ending Legal Waltz
Despite the incessant clamor surrounding settlements, the Ripple vs. SEC affair drags on like an overly drawn-out Tchaikovsky symphony. Marc Fagel points out that until both Ripple and the SEC gracefully withdraw their respective appeals, this performance will continue. What an alluring mess!
- The SEC, in their role as the melodramatic antagonist, has appealed the judgment regarding secondary exchanges of XRP.
- Ripple is equally impassioned, appealing the ruling that its institutional sales were, in fact, unregistered securities offerings.
The moment both parties decide to drop their appeals, the court order shall take effect like a well-timed finale, releasing the money to the SEC. As Fagel sagely noted, this is all rather routine, typically concluded within a month or two post-vote. How… tedious.
XRP: The Little Token That Could
Meanwhile, in a twist that could only be described as astonishingly ironic, Ripple’s XRP is bustling with vigor despite its ongoing legal battle. In recent weeks, it has soared to the illustrious rank of the third-largest cryptocurrency by market cap, surging a flamboyant 29% just last week and doing a sassy little shimmy of 7.4% in the past 24 hours, now trading around the princely sum of $3.15.
Analysts are squinting through their crystal balls, predicting XRP might soon seek to reclaim its former glory, possibly targeting a break above $3.30—a feat that could unleash a rally surely worthy of applause and perhaps a jubilant caviar feast.
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2025-07-17 11:47