Who Knew Courtroom Battles Could Be This Boring? đ€Ą
Itâs been twenty daysâyes, twenty!âsince Judge Analisa Torres told Ripple and the SEC they were trying to do legal acrobatics without a net. They asked for an indicative ruling, but the courtâlike a strict teacherâsaid, âNope, you didn’t follow the rules, try again, but donât hold your breath.â This means their motion was about as proper as a cat wearing a hatâabsurdly out of place.
The judge’s message was crystal clear: if she had her way, sheâd toss their requests out faster than a bad omelet. Seems like Ripple and the SEC are trying to refile, but guess what? They haven’t done it yet. Classic procrastinationâlike waiting till the last slice of pizza to make a move. đ
Why Are Ripple and the SEC Playing Hide and Seek? đ”ïžââïž
Fred Rispoli, the legal eagle, says: âTwenty days, no refile yet. What’s going on? Maybe theyâre perfecting their dance moves or just ignoring the calendar.â The June 16 deadline looms like a thundercloudâif they donât file something in Judge Torresâ courtroom by then, the whole circus could restart, with appeals flying faster than gossip in a small town.
20 days later, no refile yet by SEC and Ripple in district courtâand the June 16 deadline for the 2nd Circuit feels closer than my morning coffee. Expect them to crawl back before Judge Torres, or else! â Fred Rispoli (@freddyriz) June 4, 2025
If they miss the June 16 deadline, the appellate court will have only the judgeâs previous rejection to chew on. Thatâs like recycling leftoversâboring, repetitive, and nobody wants that. But if they somehow manage to file properly, the Second Circuit might hit pause for another 60 daysâkind of like a Netflix buffer, but less fun.
Whatâs the Next Act in this Epic Legal Soap Opera? đ
Everyone in the XRP campâis it a camp or a comedy show?âis asking: why the delay? Judge Torres told Ripple and the SEC to get their act together, fix the mess, and ask politely for what they want. As Rispoli puts itâthese mighty titans must âget on all fours and beg for relief.â Sounds dignified, doesnât it? đ
Rippleâs probably eager to kiss and make up, hoping to bury this legal headache. But the SEC? How much groveling can they stomach? Only time will tell, and with just twelve days till June 16, the clockâs ticking like a bomb made of legal jargon. đ„
Is the SEC Giving Up and Going Home? đ
Someone wondered if the SEC might just throw in the towel and drop its appeal altogetherâlike a bad habit. But Rispoli clarifies: the SEC already dropped its main appeal. All thatâs left is Rippleâs cross-appealâabout fines, injunctions, and all the thrilling courtroom drama that us mere mortals barely understand.
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2025-06-05 05:52