Ripple Comparison Falls Flat
Mango Labs pointed to the SEC’s own move to modify penalties in the Ripple Labs case, but the commission argued the situations were worlds apart. Ripple’s adjustments were negotiated jointly while appeals were still pending, the SEC said, unlike Mango’s finalized and closed judgment.
Even then, the Ripple court denied relief, and the SEC noted it would be inconsistent to grant it here.
The Bigger Picture
The dispute underscores the tension between regulatory certainty and shifting enforcement priorities in Washington. With the SEC under new leadership promising a friendlier approach to crypto, companies like Mango Labs are testing whether past deals can be undone.
For now, the SEC is holding firm: a deal signed in the storm still binds when the skies clear.
