Ah, the XRP lawsuit—a legal telenovela starring the US Securities and Exchange Commission (SEC) and Ripple, the crypto firm that refuses to fade into obscurity. While the SEC has hit the pause button on its cases against Binance and Coinbase, Ripple remains in the spotlight, much to the delight of courtroom drama enthusiasts. Enter Eleanor Terrett, a FOX journalist who, like a modern-day Sherlock Holmes, has unraveled the mystery of why the SEC hasn’t pressed pause on this legal circus. 🕵️♀️
In a cryptic X post, Terrett revealed that the SEC is prioritizing cases with looming court deadlines. Ripple’s next deadline? April 16, when the firm must file its opening brief. The SEC, ever the procrastinator, seems content to let the clock tick, unlike its eagerness to extend deadlines in the Coinbase case. Meanwhile, Binance and the SEC have agreed to a 60-day truce, presumably to sip tea and ponder the meaning of life. 🍵
Terrett also speculated that the SEC leadership might be waiting for the US Senate to confirm Paul Atkins, Donald Trump’s nominee for SEC Chair, before the next Ripple deadline. Meanwhile, the crypto task force, Congress, and the Presidential Working Group on Digital Assets are presumably scribbling away, trying to fill the regulatory gaps that birthed this legal monstrosity. 📜
But wait, there’s more! Former SEC lawyer John Reed Stark, a man with a penchant for bold predictions, has declared that the XRP lawsuit might soon meet its demise. Comparing the SEC’s crypto enforcement to Julius Caesar, Stark suggested that the Commission will likely pause or even withdraw all crypto-related appeals, including the Ripple case. Et tu, SEC? 🗡️
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2025-02-19 23:26