“Ripple‘s SEC Tango: Babies, Not Breakups!”
TL;DR
James Murphy, a legal sage, hints that Ripple’s dance with the SEC might drag on as they haggle over ruling reversals. 🔄
Jeremy Hogan, attorney extraordinaire, predicts a settlement, not a swift exit, for Ripple’s legal waltz. 🤝
Is Ripple Courting a Favorable Fate?
The US Securities and Exchange Commission, once a dragon to digital assets, has softened under new command. 🐉→🐇 Recently, it’s been dismissing crypto lawsuits like unwanted dinner invitations, but Ripple’s case? Still going strong, four years and counting! 🕰️
James Murphy, known in the X-sphere as MetaLawMan, shares his whimsical theory: Ripple’s playing hardball to get the SEC to erase Judge Torres’ decisions. 🎯
Last summer, a ruling declared Ripple guilty of some mischief, with a $125 million fine—a bargain compared to the SEC’s initial $2 billion demand! 💰→💸 The XRP army and Ripple itself celebrated this as a triumph. 🎉
Murphy calls this a “great” outcome for XRP holders but warns it’s a reputational blemish for Ripple. 🌟→🌧️ “Especially if they’re eyeing future securities offerings or an IPO. The SEC would’ve grabbed a $125 million settlement without a second thought,” he quips. 💭
“This is particularly true if Ripple is considering a future exempt securities offering or IPO. I believe the SEC would have accepted a settlement – where both sides dismiss their appeals and the SEC takes the $125 million penalty – in a heartbeat,” the expert added.
‘Ripple and the SEC: A Complicated Love Story’
Enter Jeremy Hogan, another legal mind, who likens the Ripple-SEC saga to a complex romance, destined for a settlement, not a swift divorce. 💑
“The SEC broke up with Coinbase after a couple dates. Ripple and the SEC live together and have a baby,” he jests. 👶
Eleanor Terrett, a Fox Business scribe, concurs, describing the Ripple lawsuit as “more procedurally complex” than Coinbase’s, thanks to Judge Torres’ $125 million penalty. She notes the judge can keep an eye on things until August 7, ensuring the order is obeyed. 👀
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2025-03-03 15:51