Ripple (XRP) vs SEC Case As of July 5, 2025

Former SEC lawyer Marc Fagel has clarified that Judge Analisa Torres has no further role in the ongoing lawsuit between the Securities and Exchange Commission and Ripple.

In a series of comments posted on X, Fagel addressed misconceptions within the XRP community about the current procedural status of the case and explained what remains to be decided.

Fagel stated that Judge Torres’s earlier ruling against Ripple remains effective and does not require additional action from her once the parties withdraw their respective appeals. He wrote, “The parties can drop their appeals, at which time her order against Ripple takes effect. Judge Torres has no further role in this.”

His remarks follow Ripple CEO Brad Garlinghouse’s announcement that the company intends to dismiss its appeal. However, Fagel noted that, as of now, no formal filing to dismiss has been recorded in the court docket.

Expanding on the issue, Fagel argued that despite public statements from Ripple’s leadership, the appeal dismissal has yet to be formally filed by either side. He said neither party has officially taken that procedural step, but added that it is likely they will.

“Neither party has filed to dismiss their appeals… but once they do (and they pretty obviously will), the district court’s ruling against Ripple goes into effect. There is nothing further for Judge Torres to sign off on,” he explained. His comments directly address ongoing debates in the XRP community about whether Judge Torres is still actively involved in the case.

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