The SEC is Getting Cozy With Crypto 🤫

by

The SEC is Getting Cozy With Crypto 🤫

The SEC is Getting Cozy With Crypto 🤫

Oh, the drama! 🍿 The U.S. Securities and Exchange Commission (SEC), those paragons of financial rectitude, are apparently putting the finishing touches on their grand crusade against Ripple, according to a whisper from Fox Business. Word on the street is that XRP, the beleaguered token at the heart of this financial tempest, has decided to take a little victory lap, boasting a 3.5% bump in price.

Naturally, the SEC, bless their bureaucratic hearts, haven’t quite thrown in the towel. They’re still holding onto the rope, you see, but Ripple, that crafty fox, is apparently trying to barter for a more agreeable outcome. You know, maybe a slightly smaller fine, or perhaps a discount on the price of institutional repentance.

Last August, Judge Analisa Torres, a woman who certainly knows her way around a gavel, handed Ripple a rather hefty $125 million smackdown, along with a stern warning to keep its distance from institutional players. But now, with the departure of the former Chair Gary Genser, the SEC seems to be adopting a more, shall we say, “flexible” approach.

Coinbase and Kraken, those titans of the crypto world, have been given a pass, waltzing away without even a metaphorical slap on the wrist. And the SEC has even pulled its punches when it comes to Uniswap Labs and Robinhood Crypto. Perhaps the agency is finally realizing that the crypto world operates on a different set of rules, or maybe they just need a good vacation. 🏖️

Read More

2025-03-12 19:27