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Crypto Bro’s Delight: Judge Lowers SEC Hammer by 94% in XRP Case Frenzy, Garlinghouse Still Rich

AltcoinsBitcoinCrypto News 2 Linda Williams August 16, 2024

An illustration: A judge's hammer falls from 94% high to $125 million on impact; below it, an image of Brad Garlinghouse smiling with a thumbs up amidst falling dollar bills and confetti in celebration. In the background, Ripple Labs' logo is seen rising above XRP tokens forming mountains. The SEC's headwinds are depicted as gusts blowing away from the scene. A faint outline of Judge Analisa Torres can be seen standing over the illustration, looking down with a serious expression.

Ripple’s CEO Brad Garlinghouse must have been counting his chickens before they hatched because now that he has won this case – or rather had it watered down to a mere slap on the wrist, I’m sure we’ll see all those pesky crypto bros coming out of the woodwork claiming victory for Ripple. They will say “See? Crypto is legit!” and other nonsense like that

Source: bitcoin.com

Ripple Hails Victory as Judge Cuts SEC's Penalty Request by 94% in Final Judgment of XRP Case
https://news.bitcoin.com/ripple-hails-victory-as-judge-cuts-secs-penalty-request-by-94-in-final-judgment-of-xrp-case
District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone,” said […]

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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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