XRP Case Update: Ex-SEC Lawyer Reveals When the Regulator Could Officially End Appeal
2025-07-13 20:54:55
Main Idea
Former SEC enforcement attorney Marc Fagel clarifies that the SEC's appeal in the Ripple lawsuit will not conclude abruptly and outlines the procedural steps required for its resolution.
Key Points
1. Marc Fagel dismisses speculation of an immediate SEC appeal withdrawal, stating it won't happen on a weekend and requires a formal process.
2. The SEC must internally vote to drop its appeal, which typically takes a month or two, followed by a joint filing with Ripple.
3. Fagel notes that a recent closed-door SEC meeting on July 3 provides no indication of the Ripple case's timeline.
4. Judge Analisa Torres has no further role in the appeal process once the SEC decides to withdraw it.
Description
Former SEC enforcement attorney Marc Fagel has clarified swirling speculation about a possible conclusion to the SEC’s long-running lawsuit against Ripple. While some XRP advocates believe an announcement is imminent, Fagel reminds the public that legal processes inside the SEC don’t move that quickly. After XRP supporter John Squire posted, “The SEC could announce the endgame at any moment…”, Fagel responded bluntly: “Not on a weekend, they won’t. It typically takes a month or two to vote on an...
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