SEC & Ripple: The Wacky New Twist

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Alright, so here we go—after all this to-do, the mighty United States Securities and Exchange Commission (SEC) and dear old Ripple Labs have decided, “Hey, let’s file this big, fancy joint motion together,” following their lovely settlement. 🤷‍♂️ According to the filing—yep, lodged in the US Court of Appeals for the Second Circuit—they’re basically telling the judge, “Let’s just put a pin in this, okay?” They want the Appeals to chill in abeyance, pending the court’s grand blessing of their agreements. Because, clearly, we need more legal drama on hold, right? 😏

Ripple Labs and US SEC to Conserve Resources (Because Why Not?)

This joint motion—featuring Ripple’s own Brad Garlinghouse along with co-founder Chris Larsen, as if we didn’t have enough star power—means everyone’s apparently too busy or too tired to keep the court tango going. Naturally, they want to conserve all that precious energy and cash. If you’d already planned your popcorn viewing for giant legal battles, well, sorry to burst that bubble. 🍿

So, the big bombshell is that the SEC tossed out its XRP lawsuit appeal just like you’d throw out old leftovers—perhaps because of some oh-so-wonderful regulatory shift. Now, they all say, “Can we just not do anything else, please?” This abeyance means the grand showdown we assumed was on the horizon—well, spoiler alert—probably isn’t happening on April 16th. Sorry, folks. If you want drama, might I suggest binge-watching something else. 😜

The story’s still cooking—come back when they add more ingredients!!!

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2025-04-10 23:27