Ripple’s Legal Rollercoaster: What Happens Next? You Won’t Believe It!

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Ah, the world of cryptocurrency! It’s a bit like a soap opera, isn’t it? Full of drama, unexpected twists, and characters you can’t quite believe exist. Take Ripple’s Chief Legal Officer, Stuart Alderoty, for instance. He’s just shared some rather juicy insights into what’s next for Ripple after the SEC decided to drop its appeal against them. Yes, you heard that right! The SEC, the self-proclaimed guardians of financial integrity, have decided to take a step back. Perhaps they realized that chasing Ripple was akin to trying to catch a greased pig at a county fair. 🐖

This monumental shift in the legal saga means Ripple is now in a much stronger position to dictate the terms of its future. In a tweet that could only be described as a digital fist pump, Alderoty celebrated this development as a victory not just for Ripple, but for the entire crypto industry. I can almost hear the collective sigh of relief from crypto enthusiasts everywhere. 🎉

US SEC Withdraws Appeal Against Ripple

After what feels like an eternity of legal wrangling, the SEC has finally decided to drop its appeal against Ripple. This all started when the SEC claimed that Ripple had sold XRP as an unregistered security. It’s like being told you can’t sell lemonade at a stand because you didn’t file the right paperwork. Talk about a buzzkill! 🍋

According to Alderoty, this decision is nothing short of revolutionary for the crypto industry. I mean, who doesn’t love a good underdog story?

“Today, Ripple moves forward—stronger than ever. This landmark case set a precedent for the domestic crypto industry.”

— Stuart Alderoty (@s_alderoty) March 19, 2025

Now, while the SEC’s withdrawal pertains to one aspect of the case regarding the program and secondary market offering of XRP, Alderoty was quick to remind everyone that Ripple still has some decisions to make. It’s like being told you can leave the party, but you still have to decide whether to take the last slice of pizza. 🍕

“We will assess how to proceed with the cross appeal,” Alderoty said, referring to the ongoing case regarding a hefty $125 million penalty and a restraining order that prevents Ripple from selling XRP to institutions. Talk about a legal minefield!

Ripple Legal Strategy Moving Forward

With the SEC no longer actively pursuing charges, Ripple is in a much better position to plot its next move. They could go for the cross-appeal, which might just provide some much-needed clarity on whether investment contracts require specific contracts. Or, they could decide to throw in the towel on the appeal and focus on addressing the remaining fine and injunction. It’s like choosing between a rollercoaster ride or a nice, calm carousel. 🎢

Of course, there’s always the option of negotiating a settlement with the SEC. Alderoty didn’t spill the beans on their strategy, but he did assure everyone that Ripple is now firmly in the driver’s seat. Buckle up, folks! 🚗💨

“Ripple is in the driver’s seat,” he concluded.

And just like that, Ripple can now focus on growth without the pesky distraction of ongoing litigation. What a relief!

XRP ETF Applications See Boost in Chances of Approval

In a delightful twist of fate, the market reacted positively to the SEC’s decision not to appeal, which has significantly boosted the chances of seeing an XRP Exchange-Traded Fund (ETF) approved soon. It’s like finding out that your favorite band is going on tour after all! 🎶

There are now several XRP ETF filings, including those from Bitwise, WisdomTree, 21Shares, ProShares, Franklin Templeton, Canary Capital, CoinShares, and Volatility Shares. It’s a veritable buffet of options for investors looking to dip their toes into the XRP waters.

Following Ripple’s legal victory, the likelihood of the SEC approving XRP ETF applications this year has surged. On Wednesday, Polymarket reported a jump in the probability of approval from 77% to 79%. It’s like watching your favorite sports team make a last-minute comeback! 🏆

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2025-03-20 00:26