Former SEC Attorney Dispels Ripple Lawsuit Delay Concerns

• Former SEC attorney Marc Fagel says nobody is holding up the Ripple case, and it’s progressing normally. 

• The SEC will dismiss its appeal within 1-2 months after completing standard internal procedures. 

• Ripple and the SEC are expected to drop their appeals soon without extraordinary delays.

The ongoing Ripple vs SEC lawsuit generates speculation about potential delays, but former SEC attorney Marc Fagel maintains the case is proceeding according to standard procedures. Marc Fagel believes the SEC may drop its XRP lawsuit appeal within 2 months, dismissing community concerns about unnecessary holdups.

Case Progression Follows Standard Timeline

Fagel addressed growing concerns from the XRP community about Judge Torres allegedly delaying the case resolution. The former SEC lawyer emphasized that “nobody is holding up the case,” specifically noting that the judge has no further role in the proceedings. He clarified that Judge Torres is not responsible for any delays, as no pending decisions require her attention.

The SEC follows standard dismissal procedures that typically require one to two months post-vote completion. Dismissal process could take several weeks, says ex-SEC official Fagel, reinforcing that the timeline remains within normal expectations for such proceedings.

Ripple and the SEC are expected to dismiss their respective appeals, but the process involves formal procedures that cannot be expedited. Fagel explained that the case has entered a straightforward phase where parties will dismiss their appeals shortly. The emphasis remains on following proper legal protocols rather than rushing toward closure.

The enforcement recommendations require SEC review and formal voting, contributing to the current timeline. Fagel emphasized that the SEC’s internal review process typically takes one to two months, making a quick settlement improbable. This internal process ensures all legal requirements are met before final dismissal.

Current Status and Next Steps

Despite community speculation about weekend settlements or immediate resolutions, Fagel maintains realistic expectations about the timeline. While Ripple has publicly stated that the SEC has agreed to drop the appeal, the decision must still go through internal approval within the SEC, including a vote by the newly appointed Chair, Paul Atkins, and the other Commissioners.

The case remains active in the legal system while parties work through standard dismissal procedures. No extraordinary delays or procedural obstacles are preventing normal progression toward resolution. The XRP community can expect closure within the established one to two-month timeframe, assuming all standard procedures are completed.

Fagel’s insights clarify amid ongoing speculation, emphasizing that the case is moving through its final stages without unexpected complications. The legal process continues as both parties prepare for formal appeal dismissals in the coming weeks.