Ah, the illustrious saga of Ripple Labs, a blockchain firm that has danced with the US Securities and Exchange Commission (SEC) for over four long years, a courtship now nearing its grand finale—pending the court’s nod, of course.
In a post on the fateful day of March 25, the ever-eloquent chief legal officer, Stuart Alderoty, proclaimed what might be the final curtain call for the riveting drama known as SEC v. Ripple. With a flourish, he announced that Ripple would gracefully withdraw its cross-appeal against the SEC in the hallowed halls of the US Court of Appeals for the Second Circuit. The August 2024 decree from the US District Court for the Southern District of New York, which found Ripple liable for a staggering $125 million, will remain intact. However, in a twist worthy of a soap opera, the SEC will only clutch $50 million of that sum in escrow—like a child hoarding candy—while the rest will be returned to Ripple. 🍬
“The agency will also beseech the Court to lift the standard injunction that was imposed earlier at the SEC’s behest,” Alderoty quipped, with a hint of sarcasm. “All subject to the Commission’s vote, the drafting of final documents, and the usual court rigmarole.” Ah, the bureaucracy, that delightful dance of red tape! 🎭
Just a week prior, the ever-charismatic Ripple CEO, Brad Garlinghouse, had hinted that the SEC would indeed drop its appeal regarding the August 2024 judgment. Yet, as of this very moment, neither the SEC nor Ripple has graced the Second Circuit with any filings since the end of January. A mystery wrapped in an enigma, or perhaps just a case of legal lethargy? 🤔
This tale is still unfolding, and as the plot thickens, more juicy tidbits will be served up as they become available. Stay tuned! 📺
Read More
- Clash Royale Best Boss Bandit Champion decks
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- World Eternal Online promo codes and how to use them (September 2025)
- Best Arena 9 Decks in Clast Royale
- Mobile Legends January 2026 Leaks: Upcoming new skins, heroes, events and more
- Country star who vanished from the spotlight 25 years ago resurfaces with viral Jessie James Decker duet
- How to find the Roaming Oak Tree in Heartopia
- M7 Pass Event Guide: All you need to know
- Solo Leveling Season 3 release date and details: “It may continue or it may not. Personally, I really hope that it does.”
- Kingdoms of Desire turns the Three Kingdoms era into an idle RPG power fantasy, now globally available
2025-03-25 21:42