Lawyer Calls Out VanEck: The SEC Saga Takes a Hilarious Turn! 😂

Ah, the delightful world of Ripple’s legal escapades with the SEC! It seems that our dear friend, Attorney Bill Morgan, has decided to don his social media cape and take a swing at VanEck for their rather curious habit of playing both sides of the fence. One might say they’re as consistent as a cat on a hot tin roof! 🐱‍👤

For those blissfully unaware, asset managers like VanEck, Canary Capital, and 21Shares have banded together like a troupe of overzealous thespians, penning a joint letter to SEC Chair Paul Atkins. Their plea? A fair and consistent process for approving crypto ETFs. One can only imagine the dramatic flair with which they presented their case! 🎭

Bill Morgan Takes Aim at VanEck’s Mysterious Silence on XRP Case

They’ve requested the SEC to adopt a “first-to-file, first-to-approve” rule for crypto ETFs, arguing that favoritism is as damaging to innovation as a wet blanket at a summer picnic. This outcry comes after what feels like an eternity of delays and uncertainty surrounding spot ETF approvals. ⏳

But lo and behold! Morgan has taken it upon himself to chastise VanEck for their conspicuous silence during the Ripple lawsuit. He quipped on X, “Don’t recall you complaining about SEC favoritism when Ripple was sued over XRP sales and Ethereum received a free pass.” Touché, Bill! 🎯

While XRP faced the legal music, Ethereum waltzed away unscathed, thanks to SEC official William Hinman’s 2018 speech declaring it a non-security. One can only wonder if the SEC has a secret dance card! 💃

Key Court Deadline Could Trigger Major Moves

This whole kerfuffle has raised eyebrows and concerns over potential conflicts of interest at the SEC. Critics like John Deaton have also been scratching their heads, questioning the credibility of Hinman’s speech and whether the SEC is playing fair with its crypto rules. It’s like a game of poker where everyone’s bluffing! 🃏

As the crypto community holds its collective breath, eagerly awaiting updates on a possible settlement between Ripple and the SEC, a key deadline for the SEC to report to the Appeals Court looms ominously on June 16. Will it be a day of reckoning or just another Tuesday? 🤔

XRP Holding $2.29, Can Bulls Push Toward ATH?

Currently, XRP is strutting its stuff with a 2.7% increase in the last 24 hours, trading at a sprightly $2.29. The next move hinges on updates from the Ripple case and spot ETF news. A breakout above $2.35 could send XRP soaring to $2.50, then $2.65, and perhaps even its all-time high of $3.55! But beware, if it dips below the 50-day EMA, those bears might just drag it down to $1.93. It’s a rollercoaster ride, folks! 🎢

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2025-06-10 11:23