Right ho! It appears the rather protracted dust-up between Ripple and the United States Securities and Exchange Commission-a squabble that’s been dragging on longer than a particularly dull vicarage tea party-has finally reached its conclusion. A most peculiar development, what? Both sides, having seemingly exhausted their supply of legal arguments and, one suspects, funds, have filed to drop their appeals with the Second Circuit Court. The whole thing, after years of to-ing and fro-ing, is, as they say, over.
The announcement arrived with the quiet efficiency of a well-trained butler. Though the XRP community, bless their enthusiastic souls, are reportedly still checking the small print, just to be absolutely sure it isn’t all a frightfully elaborate jest. One can’t blame them, naturally, after the sheer length of this legal rigmarole. A chap even enquired, with commendable directness, if dropping the appeal meant…well, that there was nothing further to do. The very idea!
Former SEC lawyer Marc Fagel, a fellow who clearly understands these things, weighed in with the distinctly un-dramatic observation that once appeals are withdrawn, the case is, essentially, kaput. “There is some administrative function,” he stated, in a tone suggesting he’d rather be discussing more pressing matters (like the proper way to polish silver, perhaps), “but there is no further role for either court to step in.” Utterly final. The litigation, he assures us, is over. Jolly good.
That’s correct. There is some administrative function for the Court of Appeals to formally dismiss the appeals, but my understanding is there is no role for either court to step in; it’s essentially over.
– Marc Fagel (@Marc_Fagel) August 8, 2025
And the penalty, you ask? Ripple, it seems, will be handing over the sum of $125 million to the U.S. Treasury. A trifling amount, no doubt, when one considers the expense of all those legal chaps earning their keep.
This, then, brings to a close a legal battle that’s been the talk of the cryptocurrency world – a world, one must admit, with a fondness for drama. It clears the way for Ripple to concentrate on its business (and no doubt counting its remaining coins) and the adoption of XRP, which, naturally, is what they planned all along. Speculation is rife that this breakthrough might even pave the way for an XRP spot ETF. XRP futures are already doing a booming trade, and experts are saying this is jolly important. And whispers abound that BlackRock, feeling rather adventurous, might file for an XRP ETF alongside Solana. Goodness gracious!
Not content with merely escaping the clutches of the SEC, Ripple has announced it will acquire RAIL Financial for a cool $200 million. RAIL, apparently, provides infrastructure for the speedy transfer of funds, involving stablecoins and the old-fashioned financial system. A move that solidifies Ripple’s position in the global payments arena, and general crypto-related fuss. Clever chaps, really.
With the lawsuit settled and a rather significant acquisition under its belt, XRP is attracting liquidity like moths to a flame. Bullish sentiment is positively bubbling, and one suspects a spot of champagne will be flowing freely in certain circles.
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2025-08-08 07:38