Ripple’s Legal Drama: Is XRP Headed for Glory or Just More Paperwork? 🤔

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In the dusty corners of the internet, where whispers turn into roars, the saga of Ripple and the U.S. Securities and Exchange Commission (SEC) unfolds like a well-worn novel. The legal battle, a tale as old as time—or at least as old as your grandma’s favorite soap opera—continues to twist and turn, leaving many to wonder if we’ll ever see the end of it. Some folks, with their heads buried in the sand, think a verdict is just around the corner, while others are busy spreading rumors faster than a wildfire in a dry summer.

Enter Altcoin Bale, a user on X, who boldly declared that the case was closed, banks were secretly hoarding XRP like it was the last cookie in the jar, and retail investors would soon find themselves priced out. Oh, the audacity! This proclamation didn’t sit well with Bill Morgan, a pro-XRP attorney who’s been tracking this legal drama like a hawk eyeing its prey.

Bill, with a flair for the dramatic, shot back, “FFS the case is not closed, or did you miss the news last week about an unsuccessful motion for an indicative ruling and an Appeal and Cross-appeal in abeyance but not over.” Ah, the sweet sound of legal jargon! 🎭

Then, like a plot twist in a bad movie, another user chimed in, claiming that the case hit a snag because both Ripple and the SEC submitted their dismissal requests on the wrong form. Can you imagine? A legal battle derailed by a simple paperwork blunder! It’s like showing up to a wedding in a clown suit—awkward and utterly embarrassing.

FFS the case is not closed, or did you miss the news last week about an unsuccessful motion for an indicative ruling and an Appeal and Cross-appeal in abeyance but not over

— bill morgan (@Belisarius2020) May 19, 2025

But wait, there’s more! Former SEC lawyer Marc Fagel stepped into the fray, waving his legal wand and declaring that the situation was far more serious than a mere clerical error. “That is not an accurate description at all. It’s a far bigger issue than that,” he said, as if he were revealing the secret ingredient in grandma’s famous chili.

Bill, clearly exasperated, lamented, “The XRP community don’t want to listen. They want to hear ‘case closed, XRP to the moon.’” Ah, the sweet siren call of optimism! 🚀

For those who’ve been living under a rock, here’s the scoop: Judge Analisa Torres denied both parties’ motions for an indicative ruling. In layman’s terms, she basically said, “Nice try, but you filed it wrong.” So, Ripple and the SEC will have to dust off their legal briefs and try again, possibly pleading their case like a child asking for a second dessert.

While XRP supporters are biting their nails in anticipation of good news, the legal experts are waving red flags, reminding everyone that this lawsuit is still very much alive. There are a few more hurdles to jump before anyone can pop the champagne and celebrate a victory.

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2025-05-21 07:12