Ripple’s Legal Tangle: A Tale of SEC, Schemes, and Sock Puppets!

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The legal saga between Ripple and the SEC has once again taken center stage, not in a court of law, but on the digital playground of X (formerly Twitter). 🐰🧠 Although Ripple CEO Brad Garlinghouse recently declared the case “behind them,” the paper trail still wags its tail like a disgruntled terrier. 🐾

Political Ties Spark Controversy

A user on Twitter recently alleged that Ripple and its top executives were fervent supporters of Vice President Kamala Harris during the 2024 U.S. presidential election, while avoiding the charming company of Donald Trump. 🐻🐍 The donations have sparked a tempest in the XRP community, with many users now pondering Ripple’s political leanings, especially since a significant portion of the XRP faithful are staunch supporters of the former president. 🧠🧨

Ripple was sued under the Trump/Clayton administration, long before Gensler was appointed. Basic facts, sorry.

— Marc Fagel (@Marc_Fagel) July 24, 2025

Some online posts suggested that XRP holders might want to consider exiting around the $3.50 mark if Bitcoin surges past $125,000, a scenario as likely as a parrot wearing a monocle. 🦜🎩 Amid the political chaos, former SEC lawyer Marc Fagel stepped in to correct the timeline, reminding everyone that the SEC’s case against Ripple was initiated under the Trump administration, led by Jay Clayton, not Gary Gensler. 🧑‍⚖️🧠

“Basic facts, sorry,” Fagel quipped, “This case was investigated and filed before Gensler was even appointed. Unless he had a time machine, Gensler didn’t initiate this.” When asked why Clayton chose to sue Ripple on his last day in office, Fagel explained that the decision had actually been made weeks earlier. Clayton likely voted before leaving to prevent delays that could have stalled the case for months while a new SEC chairman was confirmed. Gensler didn’t take over the role until nearly five months later. 🕰️⚖️

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2025-07-25 08:07