Usman Salis
Despite winning the SEC battle, XRP (Ripple) is having a rough day with prices dropping 4% as Ripple's CTO responds with a Monty Python reference.
Ripple CTO Throws Shade at SEC with British Comedy
David Schwartz, Ripple's chief tech officer, just trolled the SEC on X with a classic Monty Python clip. After the agency finally wrapped up their years-long legal fight with Ripple last week, Schwartz posted a GIF from "Salad Days" where a cheerful character says "What a simply super day" before everything goes horribly wrong.
It's pretty clear Schwartz is being sarcastic here. While SEC officials are now talking about creating "proper regulation" for crypto, XRP holders aren't exactly celebrating.
SEC Changes Tune on XRP (Ripple) Regulation
SEC Chair Paul Atkins and Commissioner Hester Peirce said they're ready to focus on building clear crypto rules now that the Ripple case is done. Ripple's legal chief Stuart Alderoty even thanked Atkins for "moving America towards clear rules of the road."
This is a massive shift from how things used to be. The whole legal drama basically boiled down to whether XRP counts as a security – and now that it's settled, everyone expected good things for the price.
XRP Price Defies Logic Despite Legal Win
But here's the weird part: XRP is actually down 4% today and doing worse than most other major altcoins.
"Why did the price go down then? Isn't that bizarre and the opposite of logic?" one confused X user asked. And honestly, they've got a point.
XRP initially pumped hard when the SEC case got resolved last week. But that rally didn't last long – classic "buy the rumor, sell the news" stuff that happens all the time in crypto.
Maybe traders are just taking profits, or maybe they're waiting to see what these new regulations actually look like in practice. Either way, it's definitely not the "simply super day" XRP fans were hoping for.
Usman Salis
