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Ripple (XRP) Case: Ex-SEC Lawyer Clarifies July 17 Rumors, Predicts When SEC Would Decide

2025-07-16 19:08:34

Ripple (XRP) Case: Ex-SEC Lawyer Clarifies July 17 Rumors, Predicts When SEC Would Decide

Main Idea

A former SEC lawyer clarifies that the SEC's closed meetings are confidential and dismisses rumors about the Ripple (XRP) case outcome, predicting the SEC will vote to dismiss the appeal soon but the exact timing is unknown.

Key Points

1. Marc Fagel, a former SEC official, states that the SEC holds confidential closed meetings every Thursday, and no one outside the SEC knows the agenda.

2. Fagel predicts the SEC will vote to dismiss the Ripple appeal in the coming weeks, but the exact date is unknown.

3. Recent speculation in the XRP community about potential decision dates (July 3, July 10, and July 17) is dismissed as purely speculative.

4. On June 26, 2025, U.S. District Judge Analisa Torres rejected a proposed joint settlement, leaving the SEC expected to drop its appeal.

5. The outcome of the SEC's decision remains uncertain, and the case continues to drag on without a clear resolution timeline.

Description

Amid heightened anticipation surrounding the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a respected former SEC official has stepped in to clarify growing speculation over a potential July 17 decision. Marc Fagel, a former SEC Regional Director and prominent legal analyst, addressed rumors suggesting that the Commission might vote to drop its appeal against Ripple during its upcoming closed meeting on Thursday, July 17. Taking to X, Fagel firml...

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Tags:
Cryptocurrency News Ripple Ripple-SEC Case SEC XRP
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