Well, well, well! The grand saga of Ripple versus the SEC has finally come to a close! 🎭 Ripple has decided to toss its cross-appeal into the bin, and just like that, the courtroom drama is over. The SEC gets to keep a hefty $50 million, while Ripple happily scoops up $75 million from the $125 million fine. It’s like a game of Monopoly, but with real money! 💰
SEC vs Ripple: The Final Curtain Falls!
It all kicked off back in December 2020 when the SEC accused Ripple of playing a cheeky game of unregistered securities offering with its XRP sales. Over the years, this case turned into a nail-biting thriller, defining how U.S. securities laws tango with digital assets. But lo and behold, Ripple has emerged from the courtroom like a phoenix, soaring high and declaring victory for the entire crypto circus! 🎪
Stuart Alderoty, Ripple’s Chief Legal Officer, took to X (formerly known as Twitter) to announce the end of this legal escapade. He confirmed that Ripple has waved goodbye to its cross-appeal, allowing the SEC’s previous decision to stand like a stubborn statue. And guess what? The SEC has even asked to remove the standard injunction on Ripple. Talk about a plot twist! 📜
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March 25, 2025
Now, all that’s left is for the legal eagles to finish up their paperwork and for a commission vote to seal the deal. Easy peasy, right? 📝
This legal resolution comes at a time when the SEC seems to be having a change of heart about crypto regulation. They’ve recently decided to drop lawsuits against big players like Coinbase and Kraken, which is like a bear suddenly deciding to hug instead of maul! 🐻❤️
XRP ETF: A Whopping 86% Chance of Approval by 2025!
With the lawsuit behind it, Ripple is now strutting forward, and investors are buzzing with excitement about XRP’s future. According to the crystal ball at Polymarket, there’s an 86% chance that an XRP exchange-traded fund (ETF) will be given the green light before 2025. Fingers crossed! 🤞
In the midst of market chaos, XRP is holding its ground, currently trading at $2.46, comfortably above the crucial support level of $2.40. Many analysts are whispering sweet nothings about XRP potentially reaching $2.9990 and even $3.4000, all thanks to market confidence and that shiny ETF approval on the horizon. 🚀
As the Ripple vs SEC saga finally draws to a close, all eyes are now on XRP’s market growth and the tantalizing prospect of ETF approval, which could usher in a flood of institutional interest into the cryptocurrency world. Buckle up, folks! It’s going to be a bumpy ride! 🎢
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2025-03-25 21:53