Well now, gather ’round, folks, for a tale of two unlikely bedfellows: the good ol’ San Francisco-based blockchain whiz kids at Ripple and the ever-watchful U.S. Securities and Exchange Commission, or as I like to call them, the SEC—those fine folks who keep a hawk’s eye on our financial shenanigans. It seems these two have decided to file a joint request to the United States Court of Appeals for the Second Circuit, asking the court to hit the pause button on their appeals. Yes, you heard that right! They want to suspend their squabble like a couple of kids on a seesaw, just waiting for the right moment to jump off. 🎢
Now, they claim to have reached what they call an “agreement-in-principle.” Sounds fancy, doesn’t it? Like they’re negotiating a peace treaty over a game of checkers. But hold your horses, because this resolution still needs the nod from the SEC commissioners—those fine folks who probably have more meetings than a cat has lives. 🐱
In a twist worthy of a dime novel, Ripple decided to drop its cross-appeal back in late March, after the SEC, in a rare moment of generosity, agreed to cut Ripple’s fine down to a mere pittance and asked the court to drop the injunction against them. It’s like getting a speeding ticket and having the officer say, “Ah, just take it easy, son.” So, Ripple won’t be filing that brief they were supposed to submit by April 16. Talk about a last-minute reprieve! ⏳
Meanwhile, the SEC, in a fit of bureaucratic fervor, has asked a district court to deny an unusual emergency request from a fella named Justin W. Keener. This chap wants to toss in some last-minute evidence, but the SEC is having none of it. They’re like a bouncer at a club, saying, “Sorry, buddy, you’re not on the list!”
Let’s not forget, this whole hullabaloo started back in late 2020 when the SEC, under the watchful eye of former Chairman Jay Clayton, decided to take Ripple to task. And here we are, folks, still watching this legal drama unfold like a soap opera that just won’t quit. 🍿
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2025-04-11 10:01