Ripple Lawsuit Ends, XRP Price Tanks & Everyone’s Confused-Larry David Would Hate This

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So David Schwartz, the CTO at Ripple-you know, the guy who probably spends half his life explaining crypto to people who don’t want to hear it-decided to post on X (which used to be called Twitter until Elon got bored) about the whole SEC legal thing finally wrapping up. He quoted a British comedy sketch. Yes, really. Because what else do you do when you’re dealing with the SEC? 🤷‍♂️

The trial lasted longer than some marriages, and finally, last week, they put it in the ground. Officially “laid to rest.” Sure, until someone digs it up again, which, let’s be honest, people love to do.

“A simply super day”

So Schwartz posts a GIF from the infamous “Salad Days” sketch from “Monty Python.” Classic move, very meta. This sketch is what happens when you put bored British comedians in a room and ask them, “Have you ever seen tennis AND excessive violence at the same time?” The result is apparently what describes the SEC-Ripple showdown.

– David ‘JoelKatz’ Schwartz (@JoelKatz) August 12, 2025

Anyway, in the episode, some fancy guy walks up like everything’s dandy-“What a simply super day!”-which is what people say right before chaos. Next thing you know, a tennis ball flies and suddenly it’s blood and drama everywhere. So…yep, like crypto volatility with extra Britishness. 🎾💥

The Ripple case is finally over

There’s talk that the SEC, with folks like Paul Atkins and Hester Peirce, can now focus on “creating proper regulation.” Yeah, because nothing says ‘fun’ like government regulators with free time. Ripple’s lawyer Stuart Alderoty throws out some polite applause-“Thanks for moving America toward clear rules.” Boring but necessary, I guess.

A not-so-super day for XRP price

But wait for it: XRP tanked. Like, 4% down. Everyone’s celebrating except the investors who are quietly weeping into their keyboards. The other altcoins? Laughing and pointing. One X user asks the question everyone’s thinking: “Why did the price go down then? Isn’t that bizarre and the opposite of logic?” Buddy, have you met crypto?

Sure, the price pumped after the legal drama ended, like a toddler on pixie sticks, but it crashed just as fast-probably the most predictable thing in unpredictable markets. XRP’s going for $3.15 right now. If you’re thinking about buying, maybe flip a coin or ask your psychic. 🤑🔮

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2025-08-12 10:38