Will Ripple Finally Get a Break? 🤔💸

Well, folks, grab your popcorn! 🍿 The US Securities and Exchange Commission (SEC) and Ripple have decided to hit the pause button on their legal tug-of-war over XRP. Lawyer Bill Morgan, who’s probably got a crystal ball, claims we might see the end of this saga in just a few weeks! Can you believe it? 🎉

According to our legal eagle, both teams have asked Judge Torres for an indicative ruling. Sounds fancy, right? This ruling is like a GPS for the next steps in this legal maze. 🧭

Ripple Lawsuit Progresses if Both Parties Get an Indicative Ruling

If Judge Torres gives the thumbs up, both parties will rush to the Court of Appeals like kids to a candy store, seeking a limited remand. This remand is basically a golden ticket for Judge Torres to grant the relief they’ve all agreed on. Bill Morgan says it’s a big deal, and who are we to argue with a lawyer? 😏

Once they get that limited remand, they’ll be back in front of Judge Torres faster than you can say “legal jargon” to implement their agreed-upon relief. This includes waving goodbye to the existing injunction and slapping a reduced fine of just $50 million. Chump change, right? 💰

After all that legal gymnastics, they’ll jointly ask the Second Circuit Court to dismiss both the Appeal and the Cross-Appeal. It’s like a legal version of “let’s just be friends.” 🤝

SEC Opens Public Comment for CBOE’s Spot XRP ETF Approval

In other news, the SEC has finally opened the public comment period for CBOE’s proposal to list an XRP spot ETF by Franklin Templeton Investments. Better late than never, right? ⏳

They’re inviting everyone and their grandma to weigh in on whether this proposal should get the green light or be sent to the corner. This comes after a long, drawn-out review process that’s about as exciting as watching paint dry. 🎨

Stakeholders have until late July to submit their comments. Earlier this month, the odds of the spot XRP ETF getting approved were a whopping 98% on Polymarket. Talk about confidence! 💪

But hold your horses! Despite all this excitement, XRP is feeling the heat from the broader market sell-off. As of now, XRP is down 3.69% at $2.15, with daily trading volumes taking a nosedive of over 37% to $3.28 billion. Ouch! 😬

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2025-06-18 16:17