Ripple Truce! XRP Lawsuit Paused As SEC & Ripple Settle Their Drama 🤝🍿

Permit me, dear reader, to draw back the velvet curtain obscuring the latest act in the baroque saga of Ripple and its persistent suitor, the SEC. The US Court of Appeals, that stern arbiter of fate and bureaucracy, has—most magnanimously—relented to the parties’ mutual petition for respite. Appeals? Suspended. Hostilities? At least, for the moment, withered like tea left out in a Russian winter. Whether this is a prelude to peace or merely an intermission in their long duel, only time—and several lawyers—will tell. 😉

XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion

Entombed within the latest dispatch from the legal front, it is revealed: yes, the august Court of Appeals has consigned the dispute to a temporary limbo, at the express invitation of both Ripple and America’s own Securities and Exchange Commission. Each side, wearied by years of legal fencing (one imagines them pausing for a restorative glass of vodka), agrees to a sort of diplomatic cease-fire, the bureaucratic version of taking the dog for a long walk while everyone cools down.

The court—never one to let tranquility run unchecked—has also demanded the Commission file a report on its progress within sixty days. A fair request, perhaps, but one suspects the tone was less “How’s it going, comrades?” and more “Let us not forget ourselves amidst this dalliance.”

Consequently, all appeals—a veritable snowdrift of legal paperwork—now gather dust as Ripple and the SEC ponder the terms of peace. According to CoinGape, the joint motion to suspend appeals is spun from the fragile hopes of a settlement. One wonders: will this end in a handshake or the legal equivalent of slamming the samovar lid?

Both parties assure the court (and perhaps themselves) that “abeyance” will spare resources—judicial and human alike. One can almost see the clerks, teardrops of gratitude sparkling, as another stack of paperwork is ceremoniously tossed into the fireplace. 🔥

A recent turn saw Ripple graciously withdrawing its cross-appeal—no doubt after a deep, soulful stare into the SEC’s unreadable gaze. The SEC, ever magnanimous, also dropped their own. Still, the final act evades us, for the Commission’s seal of approval must be affixed before the final curtain. This, it appears, is no easy feat; likely, the bureaucratic inkpot has run dry.

Following this, both parties must prostrate themselves before Judge Torres, in hope she grants an “indicative ruling”—a concept familiar perhaps only to lawyers and those who enjoy novels of Tolstoyan length. In a twist both generous and faintly humorous, Ripple will tender a sum of merely $50 million of the once-demanded $125 million, that great sum decreed by Judge Torres’ thoughtful hand. The SEC, softening perhaps from the exertions of litigation, promises to beg her honor to lift the injunction placed upon Ripple. The world waits with bated breath—or at least mild curiosity.

Possible Reason For The Delay?

Why, you ask, does this grand spectacle drag on? Why do lawyers drink more coffee than is medically advised? The SEC, it seems, may be waiting for the arrival of a fresh hero: Paul Atkins. His ascension to chairmanship has been confirmed, but only one hurdle remains—the ceremonial flourish of President Trump’s approval, and swearing-in to succeed Gary Gensler. The legal pageant is never short on rituals, after all.

Eventually, once the Commission—perhaps with Atkins at the helm and a fresh pot of tea—gives its blessing, Ripple and the SEC will return to petition Judge Torres for relief. Only then, with grace befitting St. Petersburg’s most tedious salons, may the appellate court dismiss the appeal and send this matter to the district court for a definitive, if not dramatically satisfying, conclusion. Cheers to progress—however glacial. 🥂

2025-04-16 18:32

XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion

Possible Reason For The Delay?

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