The legal saga surrounding the cryptocurrency XRP is entering a new phase. Former SEC attorney Marc Fagel has confirmed that U.S. District Judge Analisa Torres is no longer involved in the high-profile case. Once both Ripple and the SEC officially withdraw their appeals, her ruling will take full legal effect and the case will proceed without her further involvement.
🧑⚖️ Judge Torres Steps Out of the Spotlight
On X (formerly Twitter), Marc Fagel clarified that Judge Torres’s role in the Ripple vs. SEC lawsuit has ended—provided that both parties drop their appeals. While Ripple CEO Brad Garlinghouse has publicly expressed intentions to drop the appeal, Fagel noted that no formal action has been taken yet:
“Neither side has formally withdrawn the appeal. But it’s pretty clear they will. Once that happens, the district court ruling becomes final.”
This effectively ends Judge Torres’s involvement. No further approvals from her will be required moving forward.
🔍 SEC’s Closed-Door Meeting Sparks Speculation
Investor excitement surged after the SEC scheduled a closed-door meeting for July 3. The XRP community quickly began speculating about a possible settlement. However, Fagel dismissed these rumors:
“Highly unlikely. These meetings are routine, and the agenda was set well before the latest court ruling. It typically takes weeks for such matters to be added to the SEC's voting docket.”
While intervention is technically possible, Fagel suggests it would be highly unusual—though not impossible—especially if the SEC had already voted to dismiss the appeal in a previous session.
⏳ What Lies Ahead for Ripple?
Fagel believes the formal conclusion of the case could take weeks—or even longer. Still, he acknowledged that the process could be expedited if both parties are aligned and ready to settle.
One thing is certain: Judge Torres’s role is officially over, and Ripple now stands at a critical juncture that could significantly impact the future of XRP and the broader crypto regulatory landscape in the United States.
#xrp , #Ripple , #SEC , #RippleVsSEC , #CryptoCommunity
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