Defense lawyer. Former federal prosecutor. Not legal or financial advice. I’m not your lawyer. I won't ask you to DM me. I have no other social media accounts.
1) This week in Congress and crypto: This is the last "quiet" week in DC, but Congress has a full slate ahead of them when they return in September, most notably market structure legislation which now sits in the Senate. Lot of dynamics at play so here's what to watch ahead for:
#XRPCommunity#SECGov v. #Ripple#XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court.
#XRPCommunity#SECGov v. #Ripple#XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.
https://t.co/7oQvL5Rx7U
#XRPCommunity#SECGov v. #Ripple#XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.”
Next Steps: Judge Torres needs to provide an indicative ruling as to whether the Court would: (1) dissolve the injunction and release the escrow with $50 million going to the SEC and the balance back to Ripple; (2) if Judge Torres provides the indicative ruling, the SEC and Ripple will ask the Second Circuit for a limited remand back to Judge Torres to ask for the relief described above; (3) upon the granting of the remand, the SEC and Ripple will file a motion with Judge Torres asking for the relief described above; (4) after the injunction is dissolved and the funds distributed, the SEC and Ripple will ask the Court of Appeals to dismiss the SEC’s appeal and Ripple’s cross-appeal. Then it will be over.
1) This week in Congress and crypto: We’ve hit peak political mainstage and naturally that comes with benefits and issues. The President is discussing crypto on Sunday talk shows, Senate teeing up stablecoin vote, House starting market structure anddd now here comes the politics:
1) This week in Congress and crypto: We are entering a pivotal period for crypto in DC. Stablecoin bills waiting for a vote, market structure legislation releasing soon, Trump calling for a bill before August and meanwhile Congress tied up with larger macro issues. What to watch:
#XRPCommunity#SECGov v. #Ripple#XRP The parties’ joint motion to hold the appeal in abeyance has been granted. The @SECGov is directed to file a status report within 60 days of this Order.
#XRPCommunity#SECGov v. #Ripple#XRP The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th.