SEC’s XRP Fiasco: Time’s Runnin’ Out! ⏳

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Now, listen here. This XRP notion is gainin’ steam faster than a Mississippi steamboat. Folks are trustin’ it, the law’s gettin’ a mite clearer, and there’s talk of these “ETFs” – whatever them contraptions may be – while the SEC is lookin’ at a calendar that’s growin’ mighty short.

Deadline Looms for SEC in Ripple Affair While XRP Finds Its Footin’

The whole world – or at least them fellas obsessed with these digital doodads – is fixin’ their gaze upon that there lawsuit the U.S. Securities and Exchange Commission (SEC) brung against Ripple. Been a-draggin’ on for years, it has, concerning this here XRP. Ripple, bless their hearts, tried to call it quits on their appeal, but the SEC? Well, they’re stubborn as a mule. Judge Analisa Torres, a sensible woman if I ever did see one, refused to rubber-stamp their settlement, and now we’re stuck in a legal thicket deeper than the Louisiana swamps. 🤦‍♀️

Old Bill Morgan, a legal eagle if there ever was one, chimed in on that X platform – a newfangled telegraph, I reckon – last week. Said:

There ain’t no hard deadline for the SEC to back down from their appeal. But they gotta report to the court by August 15th of next year, which is a fancy way of sayin’ they gotta *do* somethin’. Though, truth be told, they could just ask for more time. Seems to be their specialty. We oughta hear somethin’ within the next fortnight.

This SEC v. Ripple squabble started back in December of 2020, all over whether Ripple was sellin’ that XRP cryptocurrency like a proper citizen or like a back-alley gambler. Judge Torres, in a wise decision in 2023, declared that sellin’ it to big institutions was indeed a bit shady, but sellin’ it to folks on the exchanges? Not so much. They tried to make a deal, but Judge Torres wasn’t havin’ it—she wanted a more sensible arrangement. Now isn’t that just like a judge? 🧐

Despite all this kerfuffle, XRP is suddenly lookin’ brighter than a new copper penny. Folks are finally realizin’ what that Judge Torres said. Companies are lookin’ at it as a solid investment, and its usefulness for sendin’ money ‘cross the globe – quick and cheap, mind you – is attractin’ attention. And there’s whisperin’ about a spot XRP ETF, which sounds like some kind of financial sorcery, but apparently, it’ll make XRP even more popular. Some companies even thinkin’ about stashin’ XRP in their treasury. Imagine that!

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2025-08-04 04:58