Ripple CLO Declares Victory as SEC Drops Appeal in Landmark XRP Lawsuit
Ripple's Chief Legal Officer drops the mic—the SEC just folded its appeal in the high-stakes XRP case. Here's why it matters.
After years of legal trench warfare, the SEC quietly retreated. No fanfare, no press conference—just a joint filing to dismiss. Guess even regulators get tired of losing.
The crypto industry collectively exhales. This wasn't just about XRP—it was a proxy war for clear rules. Now the precedent's set: if it's not a security at $0.30, it's not a security at $3.00.
Wall Street bankers clutching their pearls: 'But how will we extract rent from decentralized systems now?' Don't worry—they'll find a way.