Ripple Lawsuit: Judge’s Nod Could End Drama in Mere Weeks—Crypto’s Greatest Cliffhanger?

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If anticipation is the sincerest form of flattery, then the US Securities and Exchange Commission and Ripple have been keeping the judicial system positively blushing, as they decide—after much legal ballet—to forgo fresh appeals in their celebrated pas de deux. Enter stage left: Bill Morgan, legal luminary and perpetual Twitter bard, offering his crystal ball readings on this most theatrical of lawsuits. 🎭

Apparently, both camps—draped in equal parts gravitas and exhaustion—have begged Judge Torres for an “indicative ruling.” Such a ruling, for those uninitiated in the subtle art of lawyerly longing, is essentially the judge lifting her gavel and asking, “Would you two kindly dissolve this melodrama and move on?”

The Ripple Lawsuit Waltzes Closer to Curtain Call (If Only

Should Judge Torres deign to bless the proceedings with her indicative touch, the parties will trip gaily off to the Court of Appeals, seeking a “limited remand.” In plain English: they wish for permission to wrap things up with a mutual handshake, or perhaps a genteel slap with a $50 million fine—pocket change in the world of Wall Street, but enough to buy at least three London apartments… in 1890.

With this magical remand granted, our heroes will return to Judge Torres, request the lifting of old injunctions, and gracefully accept their reduced punishment. At last, in an act of sublime unity, Ripple and the SEC will beg the Second Circuit Court to toss both the Appeal and Cross-Appeal into that legal oubliette where the public’s attention span goes to die.

SEC Discovers the Joy of Public Opinion on XRP ETF—Let the Games 🏛️ Begin

Meanwhile, proving that regulators have a soft spot for suspenseful crowdsourcing, the SEC now requests that you, dear reader, weigh in on whether CBOE’s proposal for a spot XRP ETF by the illustrious Franklin Templeton ought to be blessed or banished. Feedback is welcome until late July—just enough time for several cups of tea and at least one existential crisis about crypto regulation.

Remarkably, this Kafkaesque invitation comes after odds of ETF approval soared to 98% on Polymarket, which presumably means everyone’s uncle is now an expert on financial derivatives.

Even with this legal opera nearing its finale, the XRP price is enduring all the drama of a Victorian heiress: beset by market sell-offs and suffering a swoon of 3.69%, now languishing at $2.15, while daily trading volume tumbles by more than 37%, landing at $3.28 billion. The volatility? A modest 1.1%—understated elegance paired with a market cap of $126.51 billion, because nothing says “crypto” like numbers suitable for a Russian novel.

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2025-06-19 00:01