Lawyer Says No One Is Delaying Ripple vs SEC Case

Lawyer Says No One Is Delaying Ripple vs SEC Case

The high-profile Ripple vs. SEC lawsuit has crypto enthusiasts on edge, waiting for a conclusion. While many are wondering what is holding up the case, veteran SEC lawyer Marc Fagel claims that it is proceeding on track with no unforeseen delays. Is the case on pace for a timely resolution?

Unresolved Questions in the Ripple vs SEC Case

With important developments in the Ripple versus SEC litigation failing to provide a resolution, the XRP community is left with several unresolved questions. Based on the court’s claimed delay in allowing Ripple and the SEC’s simultaneous move to dismiss the lawsuit, a community member believes Judge Torres is effectively holding up the case. The X user attributed the settlement delay to the judge’s procedural procedures, noting that the court needs time to process the formalities.

Former SEC lawyer Marc Fagel responded to this claim by saying, “Nobody is holding up the case.” In an X post, Fagel provided insights into the current XRP case, emphasizing its smooth development.

Fagel reiterated his prior remark that Judge Torres has no further participation in the Ripple versus SEC case and that she is not preventing the action from proceeding. He also stated that the SEC is not purposefully prolonging the case but rather following routine dismissal procedures that are expected to take 1-2 months after the vote. His statement read:

Ripple and SEC Yet to Officially Drop Appeals

Interestingly, Marc Fagel has offered clarification on the SEC’s anticipated next moves in the XRP complaint several times. Contrary to expectations, Ripple has not yet officially abandoned its case against the SEC, according to Marc Fagel. He further stated that while both Ripple and the SEC are anticipated to reject their appeals, the official processes might take one or two months.

“Nothing Is Pending Before the Judge”

Reinforcing his position, Fagel claimed in a recent X post that the matter is now in a simple phase, with the parties expected to abandon their appeals soon because nothing is outstanding before the judge. He clarified, “So nothing is pending before the judge; it’s now in the hands of the parties to simply dismiss their appeals, which they will do shortly.”

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