Ripple's Case: A New Twist or Just Smoke? | Legal Drama Continues
Ripple's Brad Garlinghouse recently announced the company's decision to drop its cross-appeal against the SEC's ruling, fueling speculation that the protracted legal saga might soon come to an end. However, many people are cautious. They recall past claims of resolution, leading to debate over whether this is a true conclusion or merely hype without real substance.
The Fallout from Garlinghouse's Tweet
Garlinghouse's tweet raised eyebrows and expectations that the SEC might also withdraw its appeal. Yet, the community is wary. Many recall prior promises that led nowhere, asking if this time will be different. One comment stood out: "Didn’t he say something similar before? Is this actually the end or just more hopium?"
User Reactions: Cautious Optimism and Doubts
Mixed feelings dominate the responses across various forums. Here are three prominent themes:
Regulatory Clarity: Some remarks highlight that Ripple might need to comply with securities laws when selling XRP directly to institutions but could avoid this if sold on public exchanges. "There is way more clarity now," noted a participant.
Mistrust in the Process: A growing number of voices express skepticism toward Ripple's strategy. One remarked, "I would never have dropped my appeal if I were Ripple. SEC drops it first, then Ripple. I don’t trust any of them."
Question of True Victory: Others question how any alleged victory can be claimed when a judge legally ruled against XRP. "How would this be a win?" someone pointedly asked. This sentiment reflects ongoing uncertainty in the crypto community.
"Some users are saying it’s a win, yet the judge ruled against XRP?" noted a frustrated commenter.
What’s Next for Ripple and the SEC?
Looking forward, Ripple faces a complex landscape. If the SEC does withdraw its appeal, experts suggest a 60% chance of achieving clarity by the end of next month. However, this hinges on the judge's decisions, which could cause further delays if substantial changes aren't made.
Key Points to Consider
▲ Ripple’s cross-appeal reportedly withdrawn, raising hope for resolution.
▼ SEC's official stance awaited; community anticipates an announcement soon.
✶ "This is just a nothing burger" - a user's blunt assessment highlights skepticism.
As discussions continue, the community holds its breath, eager for clarity in a case tangled with legal drama. What will be the final verdict? Only time will tell.