Well, well, well. Look who’s decided to fold like a cheap suit. Apparently, the SEC, those supposed guardians of the financial realm, couldn’t quite figure out how to regulate the wild world of crypto. Oh, the drama!
Remember that whole kerfuffle about Ripple and its “XRP” thingy? The SEC, bless their hearts, started a legal tango with Ripple back in 2020, accusing them of peddling XRP like it was some kind of unregistered security. The audacity!
Ripple CEO, Brad Garlinghouse, has been busy tweeting like a caffeinated hummingbird. He’s calling this whole ordeal a “failed attempt” by the SEC to, well, you know, “regulate” things. He even went so far as to say the case was “doomed from the start,”
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let’s build.
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
as if they were some sort of clairvoyant. He’s even hinting that Ripple’s legal victory might pave the way for clearer rules, which, let’s be honest, would be a welcome change for everyone involved.
Now, remember that little legal snag when a judge ruled that XRP wasn’t a security in certain situations? Yep, that happened. But the court also said that selling it to institutional investors was a bit much. The SEC, ever the stickler for rules, wanted to appeal this, but it seems they’ve decided to slink away quietly.
Garlinghouse, naturally, is thrilled. He’s even going as far as to call the SEC a “market manipulator” for causing a $15 billion dip in market value. Ouch!
This whole saga has been a rollercoaster, but it seems like Ripple has emerged victorious. And who knows, maybe this will finally push the SEC to get its act together and figure out how to deal with the ever-evolving world of crypto. 🤞
XRP, naturally, is celebrating with a price jump. Good times!
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2025-03-19 16:34