Ripple vs SEC: A Legal Saga That Could Outlast Your Goldfish šŸŸ

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Well, now, ain’t this just the dandiest pickle you ever did see! The legal kerfuffle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is dragging on like a mule pulling a wagon uphill. Folks in the crypto world are getting as frustrated as a cat in a dog park, wondering when this whole shindig will finally wrap up. Some folks thought it was nigh, but it seems weā€™ve got more twists and turns than a river in flood season.

Over on that social media place they call X (used to be Twitter, but what do I know? Iā€™m just an old coot), the good people are letting loose their spleens. One user went right off the deep end, laying into Judge Analisa Torres, accusing her of being slower than molasses in January. But, as they say, there’s more to the story than meets the eye.

Former SEC Lawyer Clears Up the Muddle

Marc Fagel, a fella who used to wear the SEC badge, stepped in to set the record straight. He pointed out that Judge Torres ainā€™t got the full reins yet. “She donā€™t even have jurisdiction at this point,” he explained, like a teacher explaining to a room full of rowdy kids. Turns out, both Ripple and the SEC have filed appeals, so the ball is in the court of appealsā€™ court. Got that? Itā€™s a bit like a game of hot potato, where nobody wants to drop the spud.

Fagel reckons that once both sides decide to formally drop their appeals (which they seem to be leaning towards), the judgeā€™s orders, like any fines against Ripple, will kick in without further ado. Simple as pie, or so they say.

Will This Go On Until 2026?

Some are betting the farm that this case could stretch out until 2026, especially if Congress decides to get in on the act and change the rules of the game. But Fagel, being the wise old owl he is, thinks not. He says that even if the laws do change down the line, it wonā€™t undo the courtā€™s ruling that Ripple played fast and loose back in the day.

When asked why the SEC hasnā€™t piped up with a statement, Fagel chuckled and said, “Because it typically takes 1-2 months for the SEC to get its ducks in a row. Itā€™s only been a few weeks since the district court refused to tweak its remedies, so give ’em time.” So, it seems weā€™re in for a bit more waiting, but hey, patience is a virtue, or so they tell me.

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2025-07-24 10:23