And lo, the great and terrible saga of Ripple and the U.S. Securities and Exchange Commission (SEC) has finally trundled to a halt, as the esteemed CEO of Ripple, one Brad Garlinghouse, recently confirmed. Yes, thatās right folks, the long legal battle has ended, and it seems much like a cheese wheel rolling downhillāexciting for a moment, only to end up in someoneās rather unappetizing backyard.
The @SECGov has just filed an opposition to that āemergency request to present decisive evidenceā in favor of @Ripple we saw filed last week by one Justin W. Keener.
The SEC opposes the motion because, they say, that 1) The District Court lacks jurisdiction over theā¦
ā Eleanor Terrett (@EleanorTerrett) April 8, 2025
But wait, thereās more! They also pointed out that our dear friend Keener neglected the traditional rites and rituals required to file a proper motion. Lastly, with the audacity of a cat that just knocked a glass off the table, the SEC declared that Keenerās request was, in fact, unnecessary, suggesting that Ripple might have the capacity to decide for itself whether or not to drag the hypothetical evidence out of its hiding place.
Now, the SEC is appealing to Judge Analisa Torres to jettison Keenerās request entirely, arguing that it is as substantial as a balloon in a cactus patch: no legal standing and utterly deflated. The end? Probably not, but letās hope for a sequel that doesnāt involve too much courtroom drama.
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2025-04-08 21:37