Ah, the brevity of life, much like this summary!
- Lawyer Fred Rispoli, with a twinkle in his eye, suggests a deal between Ripple and the SEC might just materialize before April 16.
- Former White House official Anthony Scaramucci, ever the optimist, claims the SEC has already waved the white flag against our dear crypto company.
Will the Clouds Part Soon?
In recent months, the US Securities and Exchange Commission (SEC) has undergone a veritable metamorphosis, shedding leadership like a snake sheds its skin, while simultaneously dropping or pausing a plethora of lawsuits against crypto enterprises. Yet, the legal saga with Ripple trudges on, like a stubborn mule refusing to budge.
While the precise moment when these two parties might clasp hands in a cordial agreement remains shrouded in mystery, the ever-popular lawyer Fred Rispoli has hinted that such a momentous occasion could occur before April 16, a date that looms like a specter, marking Rippleās impending appellate brief filing.
Though no formal obligation exists, one might reasonably speculate that the SEC v. Ripple case will reach a resolutionāor at least a significant developmentābefore Rippleās filing deadline of April 16, 2025.
Let us keep our eyes peeledā¦and perhaps even hope.
ā Fred Rispoli (@freddyriz) March 11, 2025
This tantalizing notion has ignited a veritable firestorm of debate on X (formerly known as Twitter). One user boldly proclaimed that the case has been settled for weeks, yet the announcement remains as elusive as a cat in a room full of rocking chairs. Rispoli, ever the sage, concurred, suggesting that such clandestine deals often transpire behind closed doors, away from the prying eyes of the public.
Not long ago, the ever-enthusiastic Anthony Scaramucci graced an interview, placing the Ripple v. SEC lawsuit among those the securities regulator has already dismissed, much like a bad habit. The host, Scott Melkerāknown affectionately as The Wolf of All Streetsāechoed this sentiment, as if they were two peas in a pod.
XRP Bulls Await the News with Bated Breath
The eventual resolution of this legal kerfuffle is anticipated to unleash a tempest of volatility upon the price of Rippleās native token. A favorable outcome for the company could send XRP soaring to the heavens, while the opposite might plunge it into the depths of despair. History has shown that developments in this lawsuit have historically triggered seismic price shifts for the asset, akin to a rollercoaster ride without the safety bar.
Other factors that may bolster the bulls include a general market resurgence and the tantalizing prospect of a spot XRP ETF making its debut in America. The companies vying to introduce such an investment vehicle include Grayscale, 21Shares, WisdomTree, Bitwise, and others. Most recently, Franklin Templeton has joined this illustrious list, as if they were all vying for the title of āBest Supporting Actorā in this grand legal drama.
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2025-03-12 16:36