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Ah, the grand spectacle of the United States Securities and Exchange Commission, that illustrious body of bureaucrats, has finally decided to lower its sword against the valiant Ripple! The CEO, a certain Brad Garlinghouse, has proclaimed with the fervor of a man who has just discovered a long-lost sock, that the multi-year enforcement action is drawing to a close. Can you believe it? 🎭
“This is it — the moment we’ve been waiting for! The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it!” he declared on the social media platform X, as if announcing the arrival of spring after a long winter. 🌼
“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse continued, as if he were the hero of a melodrama, triumphantly waving his arms in the air. The attached video must have been a sight to behold! 🎥
After four long years of legal wrangling, the SEC, that ever-watchful guardian of the financial realm, has decided to retreat, following its infamous lawsuit over an alleged $1.3 billion unregistered securities offering back in December 2020. Oh, the drama! 🎭
“We’re now closing a chapter in crypto history,” Garlinghouse stated, adding with a flourish, “it’s time to make the United States the crypto capital of the world.” A bold proclamation indeed! 🇺🇸
And lo and behold, the crypto market, that fickle beast, responded with a cheer, as if it had just been told that dessert was on the house! 🍰
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2025-03-19 16:45