Some fans continued to ask this question and posted a separate post about it. Many people were confused after seeing the news yesterday.
The SEC asked the court to dismiss the lawsuit against Ripple executives. The simple understanding is that the SEC dismissed itself. Many people asked why the lawsuit was not withdrawn directly. My personal analysis is that this lawsuit is a comprehensive one, including the lawsuit against Ripple and its executives. Currently, there is a separate request to dismiss the lawsuit against the executives. Basically, it can be considered that Ripple has compromised, and the two parties should have made some private transactions. , reached a settlement. The SEC continued to maintain the lawsuit, and Ripple accepted the content of the lawsuit and accepted the fine, while ensuring that its executives would not be punished. At the same time, the SEC also looks good on face.
When Ripple first won the lawsuit, I wrote that Ripple’s CEO at the time was too arrogant and directly issued a public reply to the SEC, which led to the unfortunate disaster of the appeal. Now I can only pay the fine by holding my nose, but my arms can't twist my thighs.
On the other hand, Grayscale has kept a low profile since winning the lawsuit and has maintained a meek attitude of waiting for the results. It has not been appealed so far, and the ETF has reapplied. Everything seems to be going relatively smoothly.
So, when you are doing things, don’t be too arrogant, it’s best to be low-key!
#xrp $XRP
The SEC asked the court to dismiss the lawsuit against Ripple executives. The simple understanding is that the SEC dismissed itself. Many people asked why the lawsuit was not withdrawn directly. My personal analysis is that this lawsuit is a comprehensive one, including the lawsuit against Ripple and its executives. Currently, there is a separate request to dismiss the lawsuit against the executives. Basically, it can be considered that Ripple has compromised, and the two parties should have made some private transactions. , reached a settlement. The SEC continued to maintain the lawsuit, and Ripple accepted the content of the lawsuit and accepted the fine, while ensuring that its executives would not be punished. At the same time, the SEC also looks good on face.
When Ripple first won the lawsuit, I wrote that Ripple’s CEO at the time was too arrogant and directly issued a public reply to the SEC, which led to the unfortunate disaster of the appeal. Now I can only pay the fine by holding my nose, but my arms can't twist my thighs.
On the other hand, Grayscale has kept a low profile since winning the lawsuit and has maintained a meek attitude of waiting for the results. It has not been appealed so far, and the ETF has reapplied. Everything seems to be going relatively smoothly.
So, when you are doing things, don’t be too arrogant, it’s best to be low-key!
#xrp $XRP