Putting aside the possible withdrawal of the appeal by the SEC, recent attention has focused on a new development in the Ripple case against the SEC: a fine of 125 million dollars. Despite growing rumors that Ripple would pay its fine in XRP, Marc Fagel claims that the payment has already been made in cash.
In a post on X, Fagel stated that, as someone familiar with SEC procedures, he knows that Ripple's payment of 125 million dollars was made in cash. He wrote: "They already paid in cash. I'm sorry." Fagel added:
"I am stating facts. There is a court order requiring them to deposit cash into the escrow. But you can imagine whatever you want".
Additionally, Fagel stated that neither Judge Torres nor the SEC are delaying the Ripple case, as the lawsuit is progressing smoothly. According to him, the SEC's dismissal process follows standard procedures and is expected to last between one and two months after the vote.