Ripple Lawsuit Lives! Grok’s Glitchy Gossip Debunked

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The XRP community, known for their collective excitement levels akin to a caffeinated squirrel on a trampoline, erupted into a frenzy after Elon Musk’s AI chatbot, Grok, claimed the SEC had dropped its appeal in the Ripple vs SEC lawsuit. But seasoned legal sage Marc Fagel, who’s seen more courtroom drama than a Netflix subscription, delivered a simple truth: “False. Grok doesn’t understand litigation at all.” 🤖❌

The SEC’s case against Ripple began in December 2020, when they accused Ripple of selling XRP as an unregistered security. This legal tango has spanned years, leaving the crypto industry reeling with $15 billion in losses—though to be fair, half of that was probably spent on crypto influencers’ avocado toast. 🥑

Grok’s Grand Gesture — and the Community’s Delusional Hype

JUST IN: Grok’s claim that the XRP case is over disputed by legal expert Marc Fagel. Fagel warns against believing AI claims that SEC dropped its XRP appeal, calling Grok’s update misleading.

— CryptoAlert (@SatoshiWatch) July 31, 2025

The chaos began when an X user shared a conversation with Grok, which confidently declared:

“The U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple.”

With the case dragging on like a poorly written sequel, many XRP holders saw this as the breakthrough they’d been waiting for. Social media buzzed like a beehive that’s just discovered a lemonade stand, with speculation that a settlement could end crypto’s most high-profile legal battle—though some might argue the battle was just the SEC’s internal memo wars. 🤷♂️

Back in March, GrokAI also claimed XRP, which had briefly flirted with $2.55 after a 10% spike, could hit $5.81 in 2025. Analysts nodded sagely, while X users dreamed of $6.99 or even $10 if ETF hype and adoption picked up. GrokAI said hitting $26 by 2030 was unlikely, but getting to $5 or more in the next year was possible if the momentum stayed strong. (Spoiler: It didn’t.) 📉

Grok XRP Price Predictions if @BoHines is right.

— Digital Asset Investor (@digitalassetbuy) July 21, 2025

Marc Fagel: The Legal Truth-Teller

False. Neither party has dismissed its appeal. (Hint: don’t rely on Grok for complex legal matters.)

— Marc Fagel (@Marc_Fagel) July 30, 2025

Fagel, a former SEC lawyer who’s probably seen more legal documents than a library of lost causes, stepped in to debunk the rumor. He confirmed that neither Ripple nor the SEC has filed to dismiss their appeals. According to him, internal legal processes could take up to two months, and any real development will appear publicly in the Court of Appeals docket for everyone to see. (Spoiler: It’s still there.) 📄

He even shared the docket link, telling the community to rely on official legal records rather than AI speculation. His warning was blunt:

“Don’t rely on Grok for complex legal matters. Grok doesn’t understand litigation at all.”

Nope. Grok doesn’t understand litigation at all. The docket is public, and no dismissals have been filed. (Again: avoid Grok.)

— Marc Fagel (@Marc_Fagel) July 30, 2025

What’s Next for the Ripple vs SEC Saga?

While some believe both parties might dismiss their appeals by the August 15 status report deadline, Fagel stressed that the date isn’t directly tied to a settlement. However, he does think there’s a strong chance both sides could voluntarily dismiss before mid-August. (Fingers crossed it’s not another “status report” that takes three years.) 🤞

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FAQs

Did the SEC drop its lawsuit against Ripple?

Nope. The SEC has not dropped its lawsuit against Ripple. Claims from AI chatbot Grok were debunked by former SEC lawyer Marc Fagel, who confirmed no official dismissal filings exist. (But hey, at least Grok gave us a good laugh!) 😂

When will the Ripple vs SEC case end?

The case could see developments by August 15, but no confirmed end date exists. Both parties may dismiss appeals, but no settlement has been officially filed yet. (Spoiler: The end is still TBD.) 🕒

What’s the latest update on the Ripple vs SEC lawsuit?

As of now, no appeal has been dropped. The next key date is August 15, but any official updates will appear in the Court of Appeals docket first. (Spoiler: It’s still there.) 📅

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2025-07-31 14:39