Is the SEC Playing Hide and Seek with Ripple? You Won’t Believe What Happened Next!

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In a twist that could only be described as a cosmic joke, social media has erupted with wild speculation that Ripple’s civil case has been unceremoniously scrubbed from the SEC’s website. Experts, however, have taken a moment from their busy schedules of pondering the universe to remind us that, in the grand scheme of courtly affairs, online changes are about as significant as a towel in a black hole. 🌀

Reports, like a flock of confused seagulls, have taken to the digital skies, claiming that the U.S. Securities and Exchange Commission has decided to play a game of digital hide-and-seek with Ripple’s civil lawsuit. This has led to rampant rumors that the regulator might be preparing to end the case faster than you can say “intergalactic bureaucracy.” 🛸

But fear not, dear reader! Crypto.news has confirmed that the Ripple case is still lurking in the depths of the SEC’s website, albeit under a different category, like a cat that has decided to hide in a box that is far too small. 🐱📦

Social media users, ever the vigilant watchdogs, have pointed out that while the Ripple case has vanished from the “Litigation Releases” section, other cases—like those involving Coinbase—remain as visible as a three-headed llama at a tea party. 🦙☕

Meanwhile, the SEC v Ripple Labs, Inc., Bradley Garlinghouse, and Christian A. Larsen case file can now be found in the “Award Claim” and “Cases on Appeal” categories, which sounds suspiciously like the SEC is trying to win a prize for the most confusing website navigation. 🎖️

@CherryEmpress21 discovered that it’s just been relocated to the “cases on appeal” section of the website.

— Jeremy Hogan (@attorneyjeremy1) January 28, 2025

As for why the SEC decided to play musical chairs with its case listings, lawyer Jeremy Hogan of Hogan & Hogan has weighed in, asserting that the court case remains blissfully unaffected by the SEC’s website antics. “It could mean something internally at the SEC, but it doesn’t affect the lawsuit one way or another. The court doesn’t care what the SEC does on its website,” Hogan tweeted, likely while sipping a cup of tea and rolling his eyes. ☕🙄

SEC v Ripple

In a plot twist worthy of a soap opera, back in December 2020, the SEC accused Ripple, CEO Garlinghouse, and executive chairman Larsen of conducting a staggering $1.3 billion in unregistered securities via the company’s native token (XRP). Talk about a financial scandal that could make even the most stoic accountant gasp! 😱

The ensuing multi-year legal battle has resulted in a partial victory for both parties, which is a bit like saying you won a game of chess by losing all your pieces. A judge ruled that retail XRP sales did not violate federal securities laws, while institutional offerings did. Ripple was ordered to pay a fine of $125 million, which is a sum that could make even a dragon hoard its gold. 🐉💰

Rumors of the SEC removing Ripple’s case from its website were likely fueled by plans to scale back crypto-related enforcement action at the watchdog. Under President Donald Trump, the SEC is expected to halt litigation against companies not directly involved in fraud, which is a bit like saying they’ll only chase after the really, really bad guys. 🕵️‍♂️

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2025-01-28 22:09