Ripple vs SEC case has crypto enthusiasts on the edge of their seats, awaiting its resolution. While many wonder what’s holding up the case, former SEC lawyer Marc Fagel posits that the case is progressing on schedule without any unexpected delays. Is the case on track for a swift resolution?
SEC Lawyer Reveals XRP Lawsuit’s Predictable Progression
With major developments in the Ripple vs SEC lawsuit failing to bring closure, the XRP community is left with many unanswered questions. Reflecting on the court’s alleged delay in approving Ripple and the SEC’s joint motion to dismiss the case, a community member posits that Judge Torres is effectively holding up the case. The X user attributes the settlement delay to the judge’s procedural requirements, adding that the court needs time to process the formalities.
In response to this comment, former SEC lawyer Marc Fagel posited that “nobody is holding up the case.” In an X post, Fagel shared insights on the ongoing XRP lawsuit, highlighting its smooth progress.
Reiterating his previous statement that Judge Torres has no further role in the Ripple vs SEC case, Fagel asserted that she is not holding up the lawsuit. He also emphasized that the SEC isn’t intentionally delaying the case, instead following standard dismissal procedures expected to take 1-2 months post-vote. His statement read,
"Nobody is holding up the case. Not the judge (there is nothing for her to decide), not the SEC (which has a standard procedure to follow, and will dismiss the appeal once the vote is taken, a process that typically takes 1-2 months)"
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