The Ripple of the Ripple Lawsuit: Can Sales Return to the Land of Institutions?

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Ah, the saga of Ripple and the XRP lawsuit—how it continues to unfold, like a Russian novel filled with twists, turns, and, of course, unanswered questions. The latest chapter? Ripple, in a curious act of self-preservation, has withdrawn its cross-appeal. How splendid. Now, what does this mean for Ripple’s institutional sales? Will they finally see the light of day, or are we all doomed to ponder the eternal “what if” of crypto sales forever? 🧐

But lo and behold, the status of the injunction still remains in the shadows, as ominous as the existential musings of one Ivan Karamazov. Can the SEC lift the injunction? And if so, will Ripple—oh, pardon me—will they resume their sales to those well-heeled institutional investors? This remains the subject of much debate. Experts, as always, argue in circles, debating the possible compliance conditions with a fervor that rivals the intensity of Dostoevsky’s most tortured characters. 🤷‍♂️

Among the voices of reason (or not-so-reasonable, depending on how you look at it) is Bill Morgan, the XRP lawyer who, in his infinite wisdom, has illuminated the path ahead—or perhaps just muddied it further, depending on who you ask. Let’s delve into his statement and see what pearls of wisdom or madness he may have to offer us on the ripple effects (pun intended) of this ongoing drama. 📚

Will XRP Lawsuit Settlement Revive Institutional Sales? Oh, the Drama!

In a most unexpected move—brace yourselves—Ripple has dropped its cross-appeal. Is this the end of the saga? Not quite. While Ripple might (just might) resume institutional sales, the question still hangs like the sword of Damocles above us all. 🗡️

Now, Bill Morgan, ever the optimist, shared his take on the latest twists via an X post. According to him, even if the injunction is lifted, Ripple’s approach to institutional sales will need a makeover, much like a character in one of Dostoevsky’s novels who undergoes a soul-searching transformation. They’ll have to rethink their strategy, lest they fall into the abyss of non-compliance. How very dramatic. 🎭

It appears that Ripple’s original method, once deemed to be a bit too “contract-y” (my word, not his), needs to be reconsidered. Judge Analisa Torres already decreed that their initial method of sales constituted an investment contract. So, what’s a company to do? 🤔

The Injunction That Refuses to Die (And Ripple’s Quest for Sales)

In yet another twist of fate, Ripple CEO Brad Garlinghouse revealed the company’s decision to drop the cross-appeal against the SEC. Now all eyes are on the SEC and whether they will petition the court to lift the injunction that has hung over Ripple like a dark cloud since the dawn of time. ⚡

And oh, dear readers, the community watches with bated breath. WrathofKahneman—yes, the very same from the X platform—was quick to offer his thoughts, as if he were the oracle of Delphi. According to him, if the injunction is lifted, Ripple might just be free to resume those institutional sales. Can you hear the trumpets? But—and this is a big but—they’ll still have to follow securities law. Always with the pesky regulations. 😒

So to clarify, as I understand it, there will be no more restrictions on Ripple’s institutional XRP sales. They still must conform to securities law but can now sell to say, hedge funds or private equity firms directly instead of to OTC desks first.

The Ripple Effect: The Community Reacts

Meanwhile, the XRP community, ever so passionate, is ablaze with excitement—or perhaps a cocktail of frustration and anticipation. The case, though it seemed as though it might never end, is approaching its resolution. But the questions remain: Will Ripple’s institutional sales resume? Will they do so with the grace of an angel or the clumsiness of a drunk man stumbling home from a night out? 😅

And then, dear readers, came the profound words of Fred Rispoli, who left us pondering the meaning of it all. His question—”But if a tree sells unregistered securities in a forest and no SEC is there to prosecute it, did the tree do anything illegal?”—is a philosophical masterpiece worthy of debate in the halls of the greatest universities. Or maybe just at the pub with a pint of ale. 🍻

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2025-03-26 11:31