The Ripple vs SEC saga, a legal odyssey spanning years and countless coffee-stained documents, is finally over. The SEC, in a stunning twist of bureaucratic efficiency, filed a status report with the Court of Appeals, revealing both parties had agreed to dismiss their appeals. It turns out the only remaining task is a court clerk’s administrative stamp-because nothing says “justice served” like a stamp.
Some XRP enthusiasts, presumably still holding their breath in 2025, thought a judge’s approval was needed. But Marc Fagel, former SEC lawyer and apparent oracle of legal clarity, explained that the case is “essentially over already.” For clarity: no judges, no drama, just a clerk doing their job. How thrilling.
For the sake of clarity (since crypto twitter keeps misstating this): the only thing remaining is administrative closing of the case by the clerk. No judge approval is required. So it’s essentially over already.
– Marc Fagel (@Marc_Fagel) August 16, 2025
This means the lawsuit, which began in 2020 (a time when “crypto” was still a buzzword and not a meme), is now as dead as a dodo bird with a blockchain. The joint dismissal by both parties is the legal equivalent of a “Game Over” screen. The crypto industry, now free from this particular existential dread, can finally focus on things like NFT art and decentralized cat memes.
Ripple Celebrates, XRP Price Reacts (Because It’s Always About the Money 🤑)
Ripple’s CLO, SEC Commissioners, and others confirmed the news on official channels, declaring the lawsuit “officially over.” Crypto Twitter, the final frontier of misinformation, erupted in chaos, with millions of views and zero actual understanding. The XRP price? Well, it jumped like a kangaroo on caffeine. Ethereum followed suit, because why not?
Market sentiment is now a rollercoaster fueled by speculation and the faint hope that maybe, just maybe, XRP will hit $1. This could be the start of a new bull run-or the beginning of a very expensive mistake. Only time will tell.
What This Means for Ripple and Crypto (Spoiler: It’s Not the End 🚀)
The SEC case’s closure removes a pesky obstacle for Ripple, which for years was trapped in a legal limbo where XRP was both a “security” and not a security, depending on the day. Now, Ripple can presumably focus on business deals and product announcements. They’ve already hinted at “major developments” coming soon. Let’s hope it’s not just another NFT. Please, no.
Conclusion (Because Every Story Needs One 📖)
The Ripple vs SEC lawsuit is over, pending a court clerk’s stamp. For Ripple and XRP holders, this marks the end of a legal saga and the start of a new chapter. Or, as Douglas Adams might say: “It’s all just a slightly random collection of atoms with delusions of grandeur. Now go buy some XRP.”
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2025-08-16 15:08