Ripple’s Legal Tango: Will the SEC Finally Take a Hint? 💃🕺

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In the latest episode of the riveting legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), our plucky heroes at Ripple have decided to toss a new letter into the ring, supporting a joint motion that’s as exciting as watching paint dry—an indicative ruling.

Now, one might wonder what prompted this latest missive. Well, it appears both Ripple and the SEC have requested that the Second Circuit Court continue to hit the snooze button on the ongoing appeal process. The SEC, in a move that can only be described as “optimistically vague,” has been asked to provide a status update by August 15, 2025. Yes, you read that right—2025! Talk about a long game!

In its heartfelt letter to Judge Analisa Torres, Ripple made it abundantly clear that neither side is asking the court to change its earlier Summary Judgment decision. This decision, still standing like a stubborn old goat, remains crucial for future cases. Ripple also emphasized that removing the “obey the law” injunction wouldn’t magically absolve them of their responsibilities to follow securities laws. After all, they’re just like every other business—obliged to comply with legal regulations, whether or not a court order is in place. Who knew being a law-abiding citizen could be so complicated? 😅

#XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Supplemental Letter in support of the Motion for an Indicative Ruling.

— James K. Filan (@FilanLaw) June 17, 2025

Ripple further elaborated that settling the case now, with both parties agreeing to certain compromises—like a reduced penalty—would help avoid the risk of ongoing appeals. It would also bring an end to a case that has dragged on longer than a Sunday afternoon with a particularly dull uncle, consuming significant court resources in the process.

Interestingly enough, Ripple pointed out that the SEC seems to be shifting its approach toward regulating digital assets. The agency has recently dropped other crypto-related cases and has even created a new Crypto Task Force, presumably to create clear and fair rules for the industry. Ripple, ever the eager beaver, has been actively participating in this process, attending meetings and sharing feedback. Who knew they were such social butterflies? 🦋

As one of the earliest crypto firms to find itself in the SEC’s crosshairs, Ripple’s case has become one of the most closely watched dramas in the industry. The company is now asking the court to recognize the settlement they’ve negotiated, which would ease the burden on the courts while still holding Ripple accountable. Because, let’s face it, who doesn’t love a good courtroom drama?

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2025-06-17 20:24