“Wall Street’s Gulag: $4.74B in XRP Flees as Ripple & SEC Lock Horns in Cold War Pause 🤡”

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Comrades—oh, what an irony! The grand assembly of XRP faithful gathered in their digital barracks now finds hope rationed to the thin gruel of rumors and plunging prices. As the mighty token tumbles, a 7.29% drop in a single day, one imagines the bureaucrats at CoinMarketCap cackling in the shadows. The “community”—how generous the word—endures, huddling together for warmth.

These events—the so-called “bloodbath”—turn the crypto lanscape into a bleak Siberian winter. XRP doesn’t just join the misery of the top ten—oh no, it leads the suffering, marching first in the freezing line. At least there’s pride in out-suffering one’s comrades. 🧊

Ripple-SEC stuns with shocking update

The legal arm-wrestle between Ripple and the all-seeing SEC would be a comedy, if it were not so drearily repetitive. In June, on the sixteenth day, a flicker of news: “Pause,” they say—for “reflection,” perhaps, or just a good American lunch break. James K. Filan, surely wishing he were back in the Motherland of non-stop bureaucracy, delivers the bulletin from his Twitter pulpit. Fittingly, the bureaucracy requests not a ruling, but an abeyance—a vacation for the appeals, with perhaps a postcard by August 2025.

#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025

But all is not misery! The trading halls bustle—by “bustle,” of course, I mean desperate liquidation. Volume surges by nearly 34%, to $4.74 billion, as if the tokens are braving a daring escape over the wire fence. You would think, perhaps, buyers materialized with the discipline of Stalin’s commissars. Instead, the deluge signals holders emptying their pockets like prisoners in a cell inspection. 🪙➡️🚪

Hence, the mighty “pause” requests echo like a defective radiator—spreading dread, inciting panicked exile of $4.74 billion in XRP. It’s a market in chaos but, as any true student of history knows, chaos is just opportunity in a shabby trench coat.

The war—yes, let’s call it that—between SEC and Ripple is already a saga for the history books, if anyone is left to write them. Since its birth in late 2020, this legal tug-of-war has been the shadow looming over every hopeful moonshot. With another delay, the few optimists left murmur worriedly into their rationed coffee: “What if we never get regulatory clarity? What if the West just freezes us out forever?”

Yet a few brave analysts—a rare breed, like wild hedgehogs in the taiga—find a silver lining: perhaps this unending pause means negotiation is afoot. Or maybe the bureaucrats just like the thrill of anticipation. Either way, the rest of the crowd yanks out their calculators and gets ready to jump at the next rumor. After all, in this crypto gulag, hope springs eternal. Or at least until the SEC files its next form. 📉🐻

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2025-06-18 02:57