A Martini. Shaken Not Stirred...And a Surrender!
Well well well. It seems the suits at the Securities and Exchange Commission have finally decided to wave the white flag. After a rather tedious four year tango with Ripple over this XRP business they've decided to call it quits. 'Never say never,' I always say but in this case I rather hoped they'd keep dancing. It's been quite entertaining wouldn't you agree?
License to Chill (For Ripple at Least)
Word on the street or rather from Ripple's legal chap Stuart Alderoty is that the SEC will be dropping their appeal. Ripple being the sporting type will also withdraw their cross appeal. A gentleman's agreement of sorts. They're even letting Ripple keep a bit of change from that hefty fine – returning the remaining balance. Enough to buy a decent yacht I'd wager. Though I suspect they'll be investing it back into… whatever it is they do.
The World Is Not Enough (But 50 Million Dollars Might Be)
The SEC gets to keep a measly $50 million already stashed away in escrow. Pocket change for them I'm sure. But enough to keep the paperwork flowing I suppose. They'll even ask the court to lift that injunction – like removing a pesky burr from a perfectly tailored suit. Of course this all hinges on a formal vote finalized paperwork and the usual legal mumbo jumbo. Still 'the writing's on the wall,' as they say.
Nobody Does It Better (Than Avoiding Comment)
Naturally the SEC's spokesperson is playing it cool refusing to confirm or deny anything. Classic. They're always so predictable. Probably off plotting their next move or perhaps just polishing their halos. 'You only live twice:' once when you are born and once when you look death in the face. I do that every Tuesday.
From Russia With Crypto?
This whole shebang started back in 2020 when the SEC accused Ripple of selling unregistered securities through XRP. It became a test case for how U.S. securities laws apply to these newfangled digital assets. Now with the winds changing in Washington – a certain Trump is making waves again – it seems the SEC is softening its stance. Dropping lawsuits against Coinbase and Kraken hinting at a resolution with that Justin Sun fellow. A new dawn perhaps?
GoldenEye on the Future
Seems President Trump is keen on a more... conciliatory approach to crypto. Balancing investor protection with dare I say innovation. I can only imagine what Q branch is cooking up with this digital currency nonsense. Watch out or we will soon see a strategic crypto reserve including bitcoin solana XRP and more funded by the US government. One thing is for sure: the game is afoot. 'Bond. James Bond' – and I'll be watching.
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shawkins
Finally! Common sense prevails!
Rouse46
Trump gets it!
FreshSince1822
The future of crypto is looking brighter.
audra
I'm cautiously optimistic.
michaelnickenzy
The SEC is backing down? Unbelievable!
jpsbmw
Is this a sign of things to come in crypto regulation?
marjorie
This is a huge win for the crypto industry.