Ripple vs. SEC: The Drama Continues! You Won’t Believe What Happens Next! 😱

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TL;DR

  • The SEC dropped its appeal, which sounds like a happy ending, but hold your horses—there’s still some legal spaghetti left on the plate.

  • Lawyers are scratching their heads over whether Ripple should appeal its $125M fine. Spoiler: it could be a total disaster. 🎲

Is This Really the End? Or Just a Commercial Break?

So, after what feels like a never-ending soap opera of court drama, Ripple and the SEC have finally reached a point where the SEC says, “You know what? We’re done here.” CEO Brad Garlinghouse is out there celebrating like he just won the lottery, but let’s not pop the champagne just yet. 🍾

Sure, the XRP fans are throwing confetti, but some legal eagles are saying, “Not so fast, my friend!” The lawsuit isn’t quite wrapped up like a burrito. It’s more like a burrito that’s been dropped on the floor—still edible, but you might want to think twice. 🌯

Jeremy Hogan, the lawyer who’s been glued to this case like a kid to a video game, says the “bad stuff” might be over, but Ripple could still drag this out like a bad sitcom. They’ve got a $125 million fine hanging over their heads like a dark cloud. ☁️

Now, Hogan lays out four possible paths for Ripple. First, they could appeal the fine and get a ruling on whether investment contracts actually need contracts. Sounds like a real page-turner, right? Second, they might just throw in the towel and try to negotiate a new deal. Third, they could shake hands and agree to disagree without changing anything. And lastly, they could just pay the fine and pretend this whole mess never happened. Classic move! 💸

The Appeal: A Risky Bet? You Bet! 🎰

Then there’s Fred Rispoli, another lawyer who thinks appealing the fine is like playing poker with a pair of twos. He’s got three reasons why this is a bad idea. First, the Court of Appeals could slap Ripple down, and that’s not good for the ol’ reputation. Second, new federal laws could come in and wipe the slate clean, which would be just typical, right? And lastly, Ripple’s already claimed they didn’t do anything wrong, so why keep digging? 🕵️‍♂️

“But,” he says, “keeping this going is the legal equivalent of saying, ‘Hey, let’s negotiate down that $125 million fine for dropping the appeal.’” Sounds like a plan, right? Or maybe just a really bad idea. 🤷‍♂️

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2025-03-20 14:04