The Ripple Saga Continues: SEC Lawsuit Takes New Twist! Who’s Winning Now?

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And so it goes—another chapter in the never-ending legal drama between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). In the latest court maneuver, Ripple has submitted yet another letter, this time backing the joint motion requesting an indicative ruling. As if the world didn’t have enough excitement already! 😏

Both parties—Ripple and the SEC—have asked the Second Circuit Court to continue hitting the “pause” button on the ongoing appeal. They’ve politely requested an update from the SEC by August 15, 2025. Why not kick the can further down the road, right? 🛑

In this fresh filing to Judge Analisa Torres, Ripple made it abundantly clear: neither side is pushing for a change in the earlier Summary Judgment. No, no, that still stands as gospel truth, unchanged and untouched. Ripple also went on to explain—just in case anyone forgot—that removing the “obey the law” injunction would not suddenly transform it into some sort of lawless entity. Ripple, dear reader, has no intention of ignoring the rulebook. After all, what’s a company without its regulations to keep it humble? 📜

#XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Supplemental Letter in support of the Motion for an Indicative Ruling.

— James K. Filan (@FilanLaw) June 17, 2025

Ripple has gone one step further to explain that wrapping up this case now, with both sides agreeing to a lovely little compromise (including a reduced penalty), would help save everyone from the nightmare of endless appeals. A case that’s dragged on for years? It’s time to end this circus and allow the court to do something *useful* with its resources. 🎪

But wait—there’s more! Ripple has pointed out that the SEC is apparently having a change of heart. It’s softening its approach toward regulating digital assets, and—hold onto your hats—the agency has dropped some other crypto cases and created a brand-new Crypto Task Force. The goal? To develop “clear and fair rules” for the industry. Isn’t that nice? It’s almost like they’ve been reading the room… for the past five years. Ripple, ever the proactive player, has been right there, attending these meetings, offering feedback like a good little participant. 👀

And, as if this drama weren’t entertaining enough, Ripple’s legal team is now urging the court to recognize the negotiated settlement. That’s right—the one that would allow Ripple to continue doing business while—surprise, surprise—being held accountable for its actions. What a novel concept! 🙃

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2025-06-17 20:07