“Ripple Drama Unfolds: April Showers or May Flowers for XRP Lawsuit? 🌧️🌸”
The crypto world threw a collective house party on Friday when Coinbase dropped the mic: U.S. securities regulators are packing their bags and walking away from a legal battle with the crypto exchange. 🎉
The SEC’s sudden U-turn left the crypto community, especially XRP diehards, bewildered and bemused. Could Ripple vs. SEC—a courtroom melodrama now in appeals—be next on the chopping block? 🚪🚶♂️
Crypto gossip-monger and ex-SEC official John Reed Stark added fuel to the fire, saying, “The Ripple appeal is also most certainly next in line for dismissal.” Translation: Someone grab the popcorn; this show is heating up. 🍿🔥
Not to be outdone, XRP lawyer and part-time Nostradamus, Jeremy Hogan, threw his prediction into the Twitter void. “April or May,” he declared, doubling down with a tweet that all but screamed, “April! Final answer!”
An earlier resolution is definitely in play, but I’m still thinking it might be May.
May or the first half of April. Just a hunch.
— Jeremy Hogan (@attorneyjeremy1) February 22, 2025
Hogan also pointed out that the SEC handles crypto lawsuits like a procrastinator with a term paper—rushing to settle or extend deadlines at the last possible moment. Ripple’s next big due date? April 16. Mark your calendars, folks. 🗓️📌
What Kind of Plot Twist Awaits Ripple’s Lawsuit? 🤔
The XRP community has been buzzing like a hive, theorizing whether Ripple might channel its inner Coinbase and wrap things up swiftly. Not so fast, warns Fox Business correspondent Eleanor Terrett. Ripple’s case is, shall we say, legally “chunky.” 🍖
Terrett pointed to an order from Judge Torres requiring Ripple to cough up $125 million in penalties. And guess what? Torres plans to keep her gavel warm until August 7, 2025, just to ensure everything’s tied up in a court-approved bow. 🎀🤷♀️
Dropping the appeal, Terrett argued, wouldn’t be as easy as walking out of a Zoom meeting. “The SEC has to negotiate a penalty reduction or get Judge Torres to OK it, or both,” she explained. Sounds like Ripple’s resolution needs more than astrologers and optimism—sadly, paperwork still reigns supreme. 🖋️😓
And yet, hope springs eternal. 🚀 According to Stark, the SEC is in full-on crypto-snooze mode lately. They’ve dismissed two appeals, shelved five enforcement cases, and even stopped poking around OpenSea. Somebody pinch us—is this an intermission or the finale? 🤷♂️🍿
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2025-02-22 17:56