Given that it’s a public holiday and institutions are not trading does anyone actually still believe that retail affect crypto pricing in any way 😂 😂 markets more sleepy than Joe Biden after lunch ! And that goes double for any remaining apes 🦧 no tutes no market !
Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now.
I’ve been hearing some interesting chatter on the floor.
Disclosure deadline is May 15th. We’re about to learn a few things.
It’s time to ban insider trading in Congress.
🗓️ Here’s your #XRP Report for the week:
⚖️ SEC Quiet as #Ripple Appeal Vote Looms
🔹 The U.S. SEC has remained silent following its closed-door meeting on March 27, fueling speculation around a potential vote to withdraw its ongoing appeal in the Ripple case.
🔹 Ripple, for its part, has already withdrawn its own cross-appeal, but only under the condition that the SEC agrees to reduce penalties and lift restrictions on institutional XRP sales.
⚠️ Why it matters:
🔹 A formal withdrawal from the SEC would bring legal clarity to XRP.
🔹 Ripple aims to clear the path for institutional partnerships and broader utility.
🔹 There are currently 18 XRP ETF applications under review. Regulatory clarity could be the key to moving them forward.
🔹 While no final decisions have been announced, this is a critical moment in XRP’s legal journey, one that could shape its long-term adoption and utility.
💬 Do you think the SEC will finally step back, and what would it mean for XRP’s future?
👇 Drop your take below!
$XRP #XRPArmy #XRPCommunity #XRPHolders #XRPLedger #Altcoins #DeFi #Blockchain
🚨JUST IN: @Ripple has agreed to drop its appeal against the @SECGov and pay $50M of the originally ordered $125M fine. The SEC will also ask Judge Torres to lift the ‘obey the law’ injunction she imposed on Ripple in addition to the fine.
Once all of this has been voted on by the Commission, and the court documents are in order, the @SECGov vs. @Ripple case will be over once and for all.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
Congratulations to @bgarlinghouse, @s_alderoty and the entire @Ripple team. This is another big step in ending the war in crypto and a testament to Ripple’s principled and tenacious approach to defending themselves in court. The SEC’s correct decision to drop the appeal also helps enshrine the critical distinction in the law that crypto tokens are not investment contracts. Gary Gensler gaslit the world on this issue for years and, thanks to Ripple, the courts have now clarified this issue. Congress now needs to create a clear framework around token classification and trading, but we owe the Ripple a huge debt of gratitude for advancing the law so fundamentally.
Let’s get something straight:
These SEC enforcement lawyers EARNED the fallout. Let’s remember:
1) An appellate court called them arbitrary and capricious - a standard in the law difficult to meet. When a court says an agency was arbitrary and capricious it’s because no valid argument can be made to justify the conduct.
2) A federal judge stated the lawyers at the SEC and are so transactional they’ll say whatever they think they need to say in order to win the argument at hand - even if what they’re currently saying is completely opposite of what they said 6 months ago IN THE SAME CASE! The judge, in the Ripple case called them hypocrites who lack good faith. The judge, IN WRITING, said SEC lawyers “lack faithful allegiance to the law.”
3) SEC lawyers were SANCTIONED for committing FRAUD upon the Court. Again, they lied in order to win an argument and it hurt a lawful business, their employees and customers.
4) SEC lawyers threatened to bankrupt @jeremykauffman and @LBRYcom by running up his legal fees - in a non-fraud case - over a token that was legitimately being used for non-investment purposes. The SEC then proceeded to bankrupt @LBRYcom.
5) They did the same to @j0j0r0 and @dragonchain, except, Dragonchain was able to hold out until the election and is awaiting its case to be dismissed.
6) Look what they did to @krakenfx.
I could go on and on. These lawyers don’t get to hide behind Gensler made me do it. They’ve earned it. Period.
🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.
My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling $XRP to institutional investors.
The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized? Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.
There’s no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest. Stay tuned.
I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration's SEC’s very broken thinking.
I will certainly continue to champion this while in Washington at the end of this week.
Wowza. President @realDonaldTrump is directing his Presidential Working Group to move forward on a U.S. strategic reserve to include American #crypto assets $XRP, $SOL and $ADA.