SEC Does a Thing, XRP Not So Amused 😜

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So, the SEC, those chaps who seem to think cryptocurrency is a bit like a rogue swarm of bees 🐝, have finally acknowledged Grayscale’s, let’s call them “enthusiastic”, filing to turn XRP into an ETF. It’s official, folks. The clock is ticking. James Seyffart, who seems to have a front-row seat to all the crypto drama, spilled the beans on Twitter (or X, whatever it is called these days). He’s basically saying “told ya so” — a rather smug sentiment, if you ask me.

This, apparently, is a “monumental” development. Think Shakespearean drama, only with less wit and more lawyers. 👩‍⚖️ Nate Geraci, who seems to be particularly excited about all this, is comparing it to a giant cosmic “wink” from the SEC. He’s basically saying, “Look, they’re talking to us about XRP, even though they’re still in a legal battle with Ripple! Maybe, just maybe, they’re coming around to the idea that XRP isn’t some kind of financial kryptonite.”

Eleanor Terrett, a journalist who seems to have a knack for spotting the weird and wonderful in the world of finance, pointed out that the SEC’s willingness to engage with Grayscale’s filing suggests a change in attitude. It’s like they’ve finally realized that ignoring crypto is like ignoring a particularly loud, insistent houseplant – it’s just going to keep growing. 🪴

Naturally, XRP’s price had a little jig, going up by a respectable 5%. But, as anyone who’s ever tried to do a complicated dance knows, sometimes you just can’t quite hit the right step. XRP hit a bit of a wall at the $2.58 mark. 💔

So, there you have it. The SEC has acknowledged Grayscale’s filing. Ripple fans are doing their happy dance. But will XRP finally break free from its resistance levels and reach new heights? Only time will tell. In the meantime, we’ll be here, watching the drama unfold with popcorn in hand.🍿

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2025-02-14 14:11