SEC and Ripple: The Final Chapter of a Whimsical Crypto Tale?

Former SEC lawyer Marc Fagel, a man with a face that could stop a clock, suggests the agency might just be on the verge of waving the white flag in the Ripple case. Imagine that! The SEC, known for its relentless pursuit of financial perfection, could soon vote to formally withdraw its challenge. This process, which usually takes up to two months, might actually speed up due to some secret handshake agreements and a few whispered promises of future cooperation. 🤫

Now, don’t go thinking the SEC is about to announce the end of the world. Fagel, with a twinkle in his eye, emphasized that the scheduled SEC meetings are as routine as a Monday morning coffee. They’re not exactly the place where the fate of the crypto universe is decided. 🕰️

Meanwhile, Ripple CEO Brad Garlinghouse, a man who could charm the pants off a snake, has publicly declared the firm’s intention to move on. He’s calling the expected appeal withdrawal a step toward closing the case for good. But, and this is a big but, neither side has filed formal dismissal papers yet. Fagel, ever the voice of reason, cautions that there are still a few procedural hurdles to clear before we can all pop the champagne. 🍾

If the appeal is dropped as expected, the nearly four-year legal drama — a saga that has kept crypto enthusiasts on the edge of their seats more than a rollercoaster — could finally come to an end. Observers, who are usually as optimistic as a lottery ticket holder, believe that this legal clarity might just be the spark that reignites investor confidence and sends XRP markets soaring to new heights. 🚀

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2025-07-12 01:41