Once upon a questionable Tuesday, in a land where bankers wore sharp suits and even sharper frowns, Ripple Labs sent another letter swirling over to the grand, mysterious, rather grumpy halls of the U.S. Securities and Exchange Commission. “Look here!” Ripple cried, “Let us have an indicative ruling—just a tiny hint from the wise judge. All we want is a subtle nod before we start shaking hands and pretending to get along.”
What they truly meant was: “Honestly, your Honour, keep the old ruling as your favorite trophy on the wall. We’re absolutely not asking for a do-over. Pinky swear!”
Ripple, in its letter (written on the finest, most legal-smelling paper), insisted that even if the court stopped demanding, “Ripple must obey the law”—which, let’s be honest, is something your mother shouts as you sneak out at midnight—the company would still behave itself. No secret moonlight mischief—just plain old following the rules, like every terribly dull adult out there.
Into this melodrama swooped Marc Fagel, who once prowled the halls of the SEC himself (and probably still keeps a rubber gavel on his desk for nostalgia). Fagel yawned, glanced at the letter, and declared,
“I don’t see this letter adding anything substantive to what’s been submitted; it reads more like ‘some lawyers on Crypto Twitter are dubious of our joint submission so we just want to be a little more emphatic.’”
— Marc Fagel (@Marc_Fagel) June 17, 2025
On the side of the financial circus, XRP—Ripple’s perpetually anxious token—threw itself up to $2.31 like a penguin trying out parkour, only to immediately tumble over 7% and land at $2.15, looking extremely embarrassed. Brave XRP has now crashed against the $2.27–$2.30 wall not once, not twice, but five times like a particularly stubborn bumblebee against a window. The last bounce? June 16. (Penguin down again!)
What next for this endlessly entertaining farce? Investors have gathered their popcorn, the crypto crowd sharpened their memes, and the world waits to see if the judge will finally blink—or if we’ll get another season of “Ripple v. SEC: The Neverending Shouting Match.” 🥳🐧⚖️
Read More
- Jurassic World Rebirth Roars to Record-Breaking $300+ Million Opening: Can It Sustain the Hype?
- Top 8 UFC 5 Perks Every Fighter Should Use
- Cyberpunk 2077 Patch Tier List
- One Piece Episode 1135: Kuma’s Journey and Bonney’s Search for Truth – Release Date Revealed!
- USD ZAR PREDICTION
- All Suits, Hats, and Masks in Death Stranding 2
- Daemons of the Shadow Realm
- How to Get All 22 Bromides in Lunar 2: Eternal Blue
- Sims 4 Player Recreates Avatar’s Na’vi with Impressive Tattoos
- The Rise of the Ronin: Katanas Ranked
2025-06-17 20:44