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📢 #XRP Lawsuit Update – No New Ruling Coming? 🧑⚖️
Ex-SEC lawyer Marc Fagel says Judge Torres won’t reverse her XRP ruling—despite recent buzz. The 2023 decision stands:
🔹 XRP sales on exchanges = NOT securities
🔹 Institutional sales = ARE securities
🛑 A recent “evidence” filing by a third party? Labeled spam—to be tossed from the docket.
📝 Both Ripple & SEC must now refile a proper Rule 60 motion after procedural missteps. No final decision or settlement approval expected until July or later.
💵 Ripple’s proposed penalty: $50M, down from $125M
⚖️ SEC has dropped its appeal on programmatic sales
➡️ The case isn’t closed, but the endgame is in sight.
