“We Were Just Joking”: SEC Drops Ripple Lawsuit
In a shocking move that some are attributing to the poor progress of their litigation thus far, the U.S. Securities and Exchange Commission (SEC), dropped their lawsuit against blockchain payments company Ripple Friday, claiming the whole thing was “just a harmless joke... lighten up, people.”
“What, no one has a sense of humor any more?” said an SEC spokesperson to XRP_Productions reporters. “Just because we’re a stodgy and humorless government entity doesn’t mean we can’t yuk it up once in a while.”
SEC’s acting chair Allison Herron Lee telling the press that people need to “take a chill pill” if they don’t find the humor in their case against Ripple. The commission announced Friday their lawsuit was “just for a few innocent laughs.”
The commission said they had no intention of anyone ever taking it seriously and realized the joke went too far when Ripple began demanding their internal communications about Bitcoin and Ethereum, in particular why they seemed to give non-security clarity to both cryptos.
“Okay, obviously Ripple doesn't understand jokes,” said the spokesperson, “so we'll go ahead and drop the suit. No need to release the BTC and ETH stuff. Sheesh, does anybody in this world remember laughter??”