Ripple and Swift Forge Game-Changing Partnership as XRP vs. SEC Lawsuit Reaches Climax – Fact Check
Breaking: The crypto world just got a seismic shake-up. Ripple and Swift—two giants of cross-border payments—are reportedly joining forces as the XRP vs. SEC legal battle nears its endgame. Here’s what we know.
Why This Matters
For years, Swift’s legacy system dominated global transactions while Ripple’s XRP promised to disrupt it. Now? They might just rewrite the rulebook together—assuming the SEC doesn’t torpedo the deal first.
The Lawsuit Factor
Insiders suggest the partnership hinges on Ripple settling its epic courtroom showdown with regulators. Because nothing says ‘innovation’ like waiting for lawyers to cash their checks before progress can happen.
What’s Next
If this plays out, banks could get the best of both worlds: Swift’s institutional clout paired with Ripple’s blockchain speed. Or it might just be another ‘strategic alliance’ that fizzles faster than a meme coin’s hype cycle.
Ripple and Swift Partnership, Source: X
However, no announcements have been publicly made by either Ripple or SWIFT. To date, these reports seem to be based on nothing other than social media rumors, with no backing from any concrete statements or evidence. The alliance is still a mere rumor at this point. Also, Ripple CEO Brad Garlinghouse has firmly rejected such claims in the past as looks forward to overtake SWIFT instead of a partnership.
Meanwhile, the long-running Ripple vs. SEC lawsuit may be nearing its conclusion. Judge Analisa Torres is expected to issue a decision soon. Recently, Ripple and the SEC have filed a joint request to lift the current injunction and reduce the penalty to $50 million. The SEC recently filed a status report requesting to pause the appeal process for an additional 60 days.
The next formal update is expected on August 15, when the SEC will submit another status report to the appeals court. Nonetheless, legal experts like Bill Morgan note that Judge Analisa Torres may issue a ruling on the joint motion at any time before then. If approved, it could officially bring the multi-year lawsuit to an end.
Also Read: XRP Exchange Reserve Drops Drastically; Supply Shock Incoming?
