Shocking Twist: Will Ripple and SEC Kiss and Make Up in Just 24 Hours? 🤔💥

Ah, the grand spectacle of legal jousting! The illustrious Ripple and the ever-mysterious SEC have once again ignited a firestorm of speculation, with whispers flitting through the digital ether like a mischievous sprite. Rumors abound on social media, claiming that a settlement is just a mere tick of the clock away—24 hours, to be precise! ⏳

But lo and behold! The case information has mysteriously vanished from the hallowed halls of the SEC’s website, leading many to believe that the end is nigh. Is it a sign of impending resolution, or merely a trick of the light? One can hardly tell! 🎭

Yet, dear reader, do not be fooled! The case has merely shuffled its feet to the ‘Court of Appeals’ section, indicating that the legal dance is far from over. The social media denizens, in their infinite wisdom, have misinterpreted this shift as a signal that the SEC is throwing in the towel. Oh, the audacity! 🤷‍♂️

Alas, no official word has emerged from either Ripple or the SEC to confirm the end of this legal saga. The rumors of a swift 24-hour settlement are as substantial as a puff of smoke—here one moment, gone the next! 💨

Cast your minds back to the fateful year of 2020, when the SEC accused Ripple of peddling XRP as an unregistered security. A court ruling in July 2023 declared that XRP sales on exchanges were not securities, but sales to institutional investors? Well, that’s a different kettle of fish! 🐟

In a twist of fate, Ripple has requested a deadline of April 16, 2025, to respond in this ongoing drama, while the SEC, ever the persistent suitor, has filed an appeal to challenge the court’s decision. The plot thickens! 📜

Stuart Alderoty, Ripple’s legal chief, has dismissed the SEC’s appeal as “just noise.” Meanwhile, attorney Jeremy Hogan has taken a jab at the SEC’s arguments, suggesting they are struggling to prove that XRP was ever sold as a security. Oh, the irony! 🎤

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2025-02-12 18:31