The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple may soon be coming to a close — at least according to seasoned securities lawyer Marc Fagel. He believes the case could be settled within the next two months, with the key development being the anticipated withdrawal of the SEC’s appeal, which could bring the lawsuit to a definitive end.

Fagel: Dismissal Process Likely Routine

Former SEC Regional Director Marc Fagel recently shared his insights on platform X, explaining that the SEC typically takes one to two months to vote on enforcement recommendations. However, this process could be expedited in this case since the Commission had previously voted in favor of dropping its appeal during prior settlement negotiations.

“Given the prior vote to drop the appeal, this could now be more of a formality,” Fagel noted.

Speculation About Closed-Door Meetings? Unlikely

Fagel also dismissed popular community theories suggesting that a closed SEC meeting scheduled for July 10 would focus on the Ripple case. Similar speculation emerged around the July 3 meeting, but Fagel clarified that these are standard, weekly closed-door sessions held by the Commission.

“Anyone claiming that the Ripple case is on the agenda is simply making things up,” he emphasized.

Joint Withdrawal of Appeals? Still Just Talk

Although Ripple CEO Brad Garlinghouse announced on June 28 that the company was withdrawing its counter-appeal, Fagel pointed out that neither Ripple nor the SEC had officially filed motions to that effect.

“No one has withdrawn anything yet. Both parties must follow standard procedures, and once approved, they’ll file formal dismissal documents — likely together,” Fagel explained.

The End Is in Sight?

While no official filings have been made yet, experts like Marc Fagel are confident that the long-running Ripple vs. SEC case could be over soon. If everything follows standard timelines, one of the most high-profile legal disputes in crypto could be resolved within the next two months — allowing the industry to finally turn the page.


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