🚨 Ripple’s SEC Drama Finally Ends! Fine Slashed, XRP Party Incoming? 🎉

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  • So, Ripple managed to haggle down their fine from a whopping $125M to a mere $50M. Talk about a bargain. 🤑
  • And guess what? They’re also shaking off that pesky injunction on selling XRP to the big shots. Who needs rules, right? 🤷‍♂️

Looks like Ripple [XRP] and the SEC finally kissed and made up. After the SEC threw in the towel on their appeal last week, Ripple’s legal eagle, Stuart Alderoty, dropped the bombshell. The fine’s been chopped in half, and they’re getting some cash back. Sweet deal, huh? 🎉

Alderoty dished out the juicy details:

“The SEC will pocket $50M of the original $125M fine, with Ripple getting a refund. Plus, they’re gonna ask the Court to ditch that annoying injunction they slapped on earlier.”

This injunction was basically Judge Analisa Torres playing party pooper, stopping Ripple from selling XRP tokens, especially to those institutional bigwigs. But not anymore! 🚀

XRP ETF: Dream or Reality? 🤔

Word on the street is that this whole deal just needs a thumbs-up from the Commission, and we could be looking at a done deal in two months tops. Pro-crypto attorney Fred Rispoli weighed in:

“We just gotta wait for the SEC to file the motion to lift the injunction, which Ripple won’t fight. Judge Torres will seal the deal (less than30 days from filing). We’re talking60 days max until this circus finally packs up.”

And unless we get a crypto-hating regime in charge before2028 with no laws passed, this case is ancient history. 📜

But hold up, U.S. lawmakers are on the fast track to passing some crypto-friendly laws by2025. Kristin Smith, head honcho at the Blockchain Association, is betting on them being done by August. Fingers crossed! 🤞

The SEC’s also playing nice, hosting roundtables and public events from now till June to clear the murky waters of crypto regulations. Good luck with that! 😅

Nate Geraci from ETF Store chimed in on the settlement news:

“Ripple lawsuit wrapping up… It’s only a matter of time before we see an XRP ETF, IMO. And yeah, expect the big boys like BlackRock and Fidelity to jump in.”

Meanwhile, the whales with10 million to100 million XRP are on a shopping spree since February. XRP’s price seems to dance more to their tune than the bigger fish with100 million to1 billion coins. 🐳

XRP’s price didn’t budge much, probably because it had already soared12% after last week’s news. With the legal cloud lifting, all eyes are on the XRP ETF approval for the next price party. 🎈

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2025-03-26 14:21