SEC vs Ripple: The Never-Ending Legal Soap Opera 🎭

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XRP holders, those brave souls who’ve been clinging to the rollercoaster of hope and despair like a cat to a curtain, are once again scratching their heads at the SEC’s silence. After years of legal wrangling that could make a tortoise yawn, many thought the Ripple case was finally shuffling off this mortal coil. But no—like a bad sequel, uncertainty is back, and the SEC is treating closure like a bureaucrat treats urgency: with a shrug and a “we’ll get to it eventually.”

XRP Community Demands Answers (Or At Least a Decent Cliffhanger)

The frustration is palpable, like the smell of a crypto bro’s unwashed “HODL” t-shirt. Ripple announced it was dropping its appeal, and the XRP army assumed the SEC would follow suit faster than a politician dodging a question. Instead, social media is aflame with posts from bewildered supporters asking, “Why hasn’t the SEC said it’s over?”—a question that, at this point, feels like asking why the sun rises or why bureaucracy exists.

Sure. Once the SEC enforcement staff decided to drop its appeal, presumably in the days after the court’s 6/26 order declining to modify its remedies, it sent a recommendation to the commissioners for approval. This is a standard process that can take 1-2 months.

— Marc Fagel (@Marc_Fagel) July 21, 2025

XRP holders, ever the optimists, had dared to dream that the legal nightmare was over. Now, they’re left staring at the SEC like a dog at a closed fridge, wondering when—or if—they’ll ever get their treat. Years of uncertainty have weighed on XRP’s price and reputation, turning this saga into the financial equivalent of a soap opera where the villain is paperwork.

SEC Process: Slower Than a Snail on Valium

Enter Marc Fagel, former SEC attorney and explainer of things that should be obvious but somehow aren’t. He clarified that while the SEC’s staff may have decided to drop the appeal, the commissioners still need to vote on it—a process that takes one to two months because, apparently, bureaucracy runs on geological time. In emergencies, the SEC can move faster, but this isn’t an emergency. It’s just crypto. 🐢

Fagel noted that while the SEC has approved similar dismissals quickly before, this time they’re taking the scenic route. Because why rush when you can savor the confusion?

Ripple’s Announcement: Legal Jargon or Wishful Thinking?

Crypto lawyer James Farrell added his two satoshis, suggesting that Ripple’s announcement might have been a tad optimistic. Instead of saying the SEC was dropping the appeal, a more cautious lawyer would’ve said, “the SEC staff has agreed to recommend dismissing the appeal”—a phrasing that acknowledges the commissioners still have to weigh in. But where’s the fun in that? Drama sells, and in crypto, clarity is the rarest token of all.

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2025-07-22 05:08