Oh, what a saga it has been, dear readers! The epic courtroom dance between the mighty SEC and the spirited Ripple has reached its final waltz. Last week, in a twist worthy of a soap opera, the SEC gracefully bowed out of its appeal, no strings attached. And lo and behold, Ripple, not to be outdone, has decided to drop its cross-appeal. 🤝
Under this grand compromise, the SEC will keep a cool $50 million of the $125 million fine, which has been lounging in an interest-bearing escrow account. The rest? It’s going right back to Ripple’s pocket. 💰
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March25,2025
But wait, there’s more! The SEC will kindly ask the court to lift that pesky injunction it once so fervently requested. However, this deal isn’t signed, sealed, and delivered just yet. It still needs a nod from the Commission, some paperwork, and the usual judicial rigmarole. 📜
Attorney Fred Rispoli, never one to mince words, was quick to chime in on Alderoty’s post. He expressed his exasperation and sympathy for the SEC attorneys, who’ve poured their souls (and countless hours) into this case, only to see it vanish “in an instant.” Talk about a drama worthy of a daytime Emmy! 🏆
However, some X users were quick to point out the real heroes of this tale: the Ripple team and XRP holders. These brave souls have weathered years of stress and financial storms, all thanks to this legal rollercoaster. 🎢
Fred Rispoli, ever the bearer of timelines, has now shared the updated saga schedule. With Alderoty’s announcement, the paperwork is ready to roll. Now, we’re all holding our breath for the SEC Commission’s vote, expected within30 days. 🗓️
After that, it’s just a matter of the SEC filing to lift the injunction (with no opposition from Ripple) and a judge’s signature. And just like that, in60 days or less, this case will be “100%, formally, legally, and spectacularly over,” as Rispoli so eloquently put it. 🎆
UPDATED SEC v. RIPPLE TIMELINE
With the announcement by @s_alderoty, you better believe the paperwork has been drawn up already.
Now we wait on a vote by SEC Commission (less than30 days).
Then we wait on filing by SEC to lift injunction, which will be unopposed by @Ripple.…
— Fred Rispoli (@freddyriz) March25,2025
This resolution is not just a win for Ripple and XRP holders; it’s a beacon of hope in the wild, wild west of cryptocurrency regulation. The clarity it brings could very well set the stage for how regulators approach other digital currencies. Here’s to hoping for smoother seas ahead! 🚀
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2025-03-26 06:08