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BREAKING: SEC Still Can’t Let Go, Files Appeal in Ripple Lawsuit Because Apparently They Have an Endless Supply of Money to Waste on Something Nobody Cares About Anymore

Crypto NewsRegulation/NegotiationRipple Linda Williams October 5, 2024

A figure representing a bureaucratic red tape monster sits on top of a pile of money bags with dollar signs flying out from under it, while in the background a clock ticks away as time runs out and an exhausted person holding a briefcase walks away looking back at the mess.

} Let’s get this over with – another tedious update on Ripple lawsuit nonsense from people who still can’t accept that cryptocurrency has no inherent value. The US Securities and Exchange Commission (SEC) filed a notice of appeal in the case, because why not? They’re just throwing good money after bad at this point, trying to prove something nobody cares about. Judge Analisa Torres already ruled that secondary sales of XRP weren’t securities – but hey, let’s keep litigating over nothing while institutional investors continue to bleed cash on worthless digital assets. It’s almost like the SEC is intentionally sabotaging its own credibility by pursuing this case so aggressively. The timing couldn’t be more perfect either: just as their chief enforcement officer Gubir Grewal steps down (finally!), they’re appealing a ruling that will probably get overturned anyway. Stay tuned for more! .

Source: cointelegraph

SEC files appeal in Ripple lawsuit
https://cointelegraph.com/news/sec-files-notice-appeal-ripple-lawsuit
The United States Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit on Oct. 2, seeking to overturn a ruling by Judge Analisa Torres. Legal experts anticipated the regulatory agency’s appeal of the 2023 ruling, which established that secondary sales of Ripple’s XRP did not constitute securities sales. Torres ruled that XRP was not a security in and of itself because the digital assets failed […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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