SEC’s About-Face on Crypto! Is Freedom Coming? đŸ€”đŸ”„

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SEC Says ‘Let Ripple Go’! Are They Finally Listening? Or Is This Just a Tease? đŸ€š

So, the SEC Chair, Paul Atkins, he’s basically saying, “Hey, you know what? Self-custody crypto? Yeah, that’s an American value. Like apple pie, baseball, and complaining about the neighbors.” SEC Chair speaking Seriously, it’s like they woke up one day, looked in the mirror, and said, “You know what? Maybe we’ve been a little too harsh.”

SEC Chair Paul Atkins says the right to self custody crypto “is a foundational American value.” — đ—•đ—źđ—»đ—žXRP (@BankXRP) June 9, 2025

Crypto’s Tide Turning? Or Is This Just the Tide Coming In for a Swim?

“Look, having control of your private property – including crypto – shouldn’t just disappear when you log onto the internet. That’s basic stuff,” Atkins says. “Let’s give people more freedom to hold their crypto, especially when middlemen are just making everything more expensive and annoying.” Yeah, good luck with that, right? 😂

He also threw some shade at the old administration, saying they treated crypto wallets like they were drug dealers or something, stifling innovation. Because nothing screams progress like bureaucratic red tape, am I right?

Old cases, New questions – Like, What’s Really Going On?

The crypto folks? They’re pumped, thinking maybe, just maybe, the SEC is changing its tune. But of course, old wounds and old battles linger. Ripple’s legal squabble with the SEC? Still not over.

Someone pipes up: “What about Ripple’s right to be free from the SEC’s grip? Why are they still holding on like a bad garage sale?” And then Marc Fagel, the former SEC guy, chimes in with, “Ripple broke the law with some shady deals, got fined 125 million bucks, and now they’re whining? Come on. They want to challenge it? Back to court they go.” Well, that’s fair, I guess. 🎯

Is the SEC Growing a Conscience? Or Just Changing the Channels?

The court case is getting close to wrapping up, with a deadline of June 16 for some legal filing. Everyone’s waiting for Judge Torres and the Second Circuit to give the final nod. Once they do, tada! The case ends, the injunction is lifted, and Ripple’s free—probably to go to Taco Bell Taco Bell Logo or whatever they do next.

Meanwhile, Congress is busy debating crypto bills. Some new laws might try to clamp down on self-custody. But Atkins here? He’s throwing a wrench in that plan. “We shouldn’t just freak out about the future,” he says, probably while sipping on some crypto Kool-Aid. Cheers to that! đŸ„‚

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2025-06-10 15:45