Wall Street’s Greedy Grin: XRP ETF Drama Unfolds 😈📈

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The great Ripple-SEC showdown has finally fizzled out like a sad fireworks display, and now the world is buzzing about an XRP exchange-traded fund. It’s the kind of story where the villains wear pinstripe capes and the heroes count decimal places. 💥

Enter John E. Deaton, the self-proclaimed “Crypto Cavalier,” who summed up the situation with a grin wider than a chocolate factory’s conveyor belt: “Wall Street is ‘too greedy’ to pass up this opportunity.” He said this while sipping tea and eyeing BlackRock like a mouse eyeing a cheese wheel. The cheese wheel in question? An iShares XRP ETF, which Nate Geraci of the ETF Store suggested might be waiting for the legal drama to end. 🧀

This revelation came at a time when hope was as rare as a polite Wall Street banker. Prediction market Polymarket saw its XRP ETF approval odds plummet to 66%, a number so low it could make a mathematician cry. Why? Because SEC Commissioner Caroline Crenshaw, the “Crypto Cranky” herself, voted against all 13 crypto ETF proposals on July 29. She’s like the grumpy old man who hates all shiny new toys. 🤡

Agreed. Wall Street is too greedy not to.

– John E Deaton (@JohnEDeaton1) August 8, 2025

But fear not, dear readers! Eric Balchunas, the “ETF Oracle,” is here to sprinkle some optimism like glitter at a funeral. He says the in-house odds are still a solid 95%, and Crenshaw? Well, she’s just the village grump who voted against Bitcoin ETFs and the Ripple settlement itself. Her noose of negativity won’t tighten the majority’s grip. 🎩✨

And now, the domino effect begins! The settlement she objected to? Rejected by the judge like a bad pun at a poetry slam. Ripple quit its cross-appeal, and the SEC followed suit, leaving the courtroom as quiet as a library on a Sunday. 📜

With the legal roadblocks now vaporized, Wall Street’s bigwigs are eyeing XRP like a squirrel eyeing a glittering acorn. Why? Because a new ETF market tied to one of the most liquid altcoins is as tempting as a caramel sundae with extra sprinkles. Deaton’s point? Greed is the only compass these folks trust. 🚨

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2025-08-08 20:15