Judge Could Set Ripple Free: Why the SEC Might Get Just a Slice of That Crypto Pie 🥧

If you thought courtroom dramas were just for TV, feast your eyes on this: a high-falutin’ crypto lawyer is betting his suspenders—well, 70% of ‘em—that a judge will finally let Ripple and the SEC shake hands, split some crypto cash, and call it a day. Ain’t that a hoot?

Ripple and the SEC Go Courting—for Real Money!

On June 13, John E. Deaton—part legal eagle, part social media wrangler—declared over on X (formerly Twitter, but let’s just call it the Wild West of opinions) that Judge Analisa Torres just might side with Ripple in their long-winded spat with those stern folks at the U.S. Securities and Exchange Commission, or as I call them: the fun police for crypto cowboys.

Now get this: After more motions than a square dance contest, both Ripple and SEC finally managed to agree on something—amazing, I know. Together they slid a fancy document across the judge’s dusty bench seeking permission to bust open a $125 million escrow that’s been locked up tighter than Aunt Polly’s jam jar. The grand plan? The SEC grabs $50 million, Ripple gets $75 million, and both parties mosey off into the sunset, or at least try not to trip over each other. All this is supposed to end the world’s longest ‘will-they, won’t-they’ over XRP and cool off the courtroom with the sweet breeze of resolution. Deaton, as salty as a riverboat captain, chimed in:

I reckon there’s a 70% chance she grants the relief requested.

Deaton did let out a sigh so big you could use it to power a steamboat, because Ripple’s legal wranglers didn’t point out that the SEC’s been dancing off-beat lately—especially since an appellate judge called the Commission’s actions “arbitrary and capricious” and, in the Debt Box case, even gave them a legal paddling.

He pointed out how Judge Sarah Netburn had already told the SEC’s lawyers they “lacked faithful allegiance to the law.” (Ouch. I imagine the SEC’s lawyers went home and stared sadly into their soup.) Deaton went on to say he expected some grand standing about government acts with names like the CLARITY Act or GENIUS Act—names you just know were invented during a very long committee meeting—to highlight how the whole crypto rodeo is getting new rules every day.

In Deaton’s view, Ripple could’ve made their case stronger if they whined a bit louder about losing out to gangs like Circle, who get to run wild without a big legal ball and chain. With banking partners choosing greener pastures, Ripple’s looking a mite lonely, but their legal plea basically boils down to this: “Look here, judge, elections change everything, and now it’s time to change our luck.”

2025-06-15 04:27

Ripple and the SEC Go Courting—for Real Money!

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