TL;DR
SEC vs Ripple saga 🎭continues! Rumor mill says Ripple’s playing the waiting game for Paul Atkins’ 🤳Chairman debut.
Remember that $125M fine? 🤑Ripple was ready to pay, but SEC’s last-minute appeal 🚨keeps the drama alive.
Is Ripple Playing Chicken with the SEC?
Since 🦅Gary Gensler flew the coop, the SEC’s stance on crypto has softened 🍭like ice cream on a hot day. But, guess who’s still on the SEC’s naughty list? You guessed it, Ripple 🙋♂️!
Attorney Fred Rispoli 🕵️♂️throws out a wild theory: “Why would the pro-crypto commission 🎖️drop the appeal and keep the $125M judgment?”
Flashback to last summer 🌞, when Judge Torres made Ripple cough up 💰$125M for breaking some rules. Ripple’s bigwigs 🙈were ready to pay, but SEC’s last-second appeal put the kibosh 🚫on that.
Rumor has it 🗣️that Ripple’s holding out for Paul Atkins, Trump’s pick for SEC Chairman. But, before he can play the hero 🦸♂️, he needs Senate approval. Meanwhile, crypto-friendly Mark Uyeda 🎩leads the charge.
Whispers around the watercooler 💡say Ripple might send $125M worth of XRP to Trump’s strategic crypto reserve. Rispoli 🙄thinks it’s unlikely: “We’re moving slowly, folks.”
Other Theories
American lawyer James Murphy 📜suggests Ripple might be trying to get the SEC to 🗑️vacate some of Judge Torres’ decisions. He thinks the $125M fine is a win for XRP holders 🎉but bad for Ripple’s rep 🙈.
Anthony Scaramucci 🤝believes the lawsuit is kaput. Scott Melker 🐺agrees, placing Ripple’s case among those the SEC has dropped 🚫recently.
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2025-03-09 09:32