Ripple Drama: XRP Community Demands SEC Chair to Stop the Madness!

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So, here we are, folks. The legal circus between Ripple Labs and the SEC has hit a boiling point. And guess what? The XRP community is practically begging SEC Chair Mark Uyeda to just drop the appeal already. I mean, come on! 🙄

Ripple Community Chatter on SEC Case

Let’s get one thing straight: since the SEC decided to throw a tantrum and file an appeal on October 2, 2024, challenging Judge Analisa Torres’ rulings, XRP supporters have been vocal. And by vocal, I mean they’re practically screaming into the void. 😤

Leading the charge is this guy Tanner from X, who’s convinced that the SEC’s relentless pursuit is just unnecessary. Why? Because the court already said XRP’s public sales didn’t break any laws. But hey, who needs facts when you have a government agency on a power trip? 🤷‍♂️

them permanently enjoined to the court. An Acting Chairman resolving a complex case like Ripple’s would be rather uncommon. The fact that Ripple requested an extension to April 16th might be in anticipation of Atkins’ arrival. At least this is my take on it all.

— Sherrie (@CherryEmpress21) March 8, 2025

Now, some folks are speculating that Ripple’s little request for an extension until April 16th is all about Uyeda’s potential leadership. Because, you know, nothing says “let’s get this sorted” like dragging it out a little longer. 🙃

And get this: some big shots in the crypto world are suggesting a compromise. They want both Ripple and the SEC to just drop their appeals and revise that $125 million penalty sitting in escrow. Sounds easy, right? Just a casual “let’s all get along” moment. 😅

This would let Ripple move on without the cloud of legal doom hanging over them. And the SEC? They’d avoid looking like the bad guy for once. Win-win, right? Or is it just wishful thinking? 🤔

The New US SEC and End to Crypto Litigations

With Mark Uyeda now at the helm of the SEC, there’s a glimmer of hope that maybe, just maybe, we’ll see some resolution in this Ripple mess. I mean, the guy has been critical of the SEC’s overreach before. So, who knows? Maybe he’ll actually do something useful. 😏

Oh, and let’s not forget, the SEC dropped its charges against Ripple executives back in October 2023. They even closed the Coinbase lawsuit recently. It’s like they’re trying to play nice or something. What’s next? A group hug? 🤗

But hold your horses! The Ripple lawsuit appeal is still a thorn in everyone’s side. The XRP community is convinced that if Uyeda really wants to fix the SEC’s past blunders, he should just toss that appeal out the window. It’s like a no-brainer, right? 🤦‍♂️

Ripple Labs Policy Initiatives

Meanwhile, Ripple Labs is busy flexing its policy muscles in the U.S. They’re chatting it up with lawmakers and blockchain associations, trying to get some clear regulations in place. Because, you know, clarity is a foreign concept in this industry. 😒

They’re all about innovation, not litigation. But with the SEC still lurking, it’s like trying to enjoy a picnic with a swarm of bees buzzing around. Will Uyeda finally put an end to this Ripple lawsuit appeal? The XRP community is on the edge of their seats. 🍿

And let’s not forget Ripple CEO Brad Garlinghouse, who’s all about President Trump’s vision of a crypto strategic reserve. He’s excited that the industry is moving past the Biden administration’s regulatory mess. Because who doesn’t love a good political twist in the crypto saga? 🎢

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2025-03-09 03:07