In a twist most curious, the grand master of Ripple, Brad Garlinghouse, has unfurled his flag of reaction to the SEC’s decision, which abandoned the Coinbase saga like a sinking ship. “Ah, the SEC,” he declared, “like a swift carriage, eager to distance itself from the previous regime’s enforcement fiascos!”
“Dear friends, mark my words (for patience is a virtue we both lack!),” Garlinghouse continued, “this SEC is like a hound on the scent, eager to depart from the old, failed policies!”
As the ink-stained wretches of U.Today have scribbled, Brian Armstrong, the Coinbase czar, has revealed that the SEC has dropped the case against the exchange giant. Astonishingly, not a single kopeck nor a token of surrender was demanded!
Jeremy Hogan, the learned counselor, has observed that the case was dismissed with prejudice, as if it were a pesky fly to be swatted away, only to return another day.
“It seems,” Hogan mused, “that the SEC does not await the coronation of Atkins to embark on its crypto escapades!”
Though the new SEC regime was expected to embrace crypto with open arms, this decision has left many a industry soviet in a state of shock and awe.
Will Ripple Dance with the SEC Next?
As the scribes of U.Today have chronicled, the soothsayer John Reed Stark has foretold the withdrawal of the appeal against Ripple, as if by divine revelation.
Hogan, the legal seer, has echoed this prophecy, believing the Ripple saga will soon be laid to rest, like an old, tired bear in its den.
Perhaps the SEC tarries with the Ripple case, prioritizing as it does, the matters most pressing. The SEC’s opening brief was but a month past, and Ripple itself has beseeched the court for its cross-appeal brief by the sixteenth day of April.
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2025-02-22 00:05