The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is nearing its final stage, yet a complete settlement remains stalled due to pending appeals. While rumors have circulated that Ripple paid its fine using XRP, former SEC attorney Marc Fagel has firmly dismissed those claims — confirming the entire $125 million penalty was paid in cash.

🔍 Cash, Not XRP – Confirmed by Former SEC Attorney

As speculation spread across social media, Fagel responded clearly and concisely:

"They already paid in cash. Sorry."

He also noted that a court order had been issued for the funds to be deposited into an escrow account. Any claims that Ripple used XRP instead of dollars are, in his words, pure fiction.

🏛️ Appeals Are the Final Obstacle to Closure

Fagel also confirmed that neither Judge Torres nor the SEC is holding up the process. The case is progressing according to standard legal procedures, and final resolution depends solely on both parties withdrawing their appeals.

“Once Ripple and the SEC drop their appeals — which I expect will happen soon — the funds will be released to the SEC. Until then, they remain in escrow.”

The formal dismissal of the appeal could take another one to two months, according to Fagel.

🏦 Could the U.S. Use XRP as a National Reserve? Experts Say No

The nature of the payment also sparked a side debate: Could the U.S. government use the XRP held in escrow as part of its national reserves? Some online sources suggested such a scenario, but attorney Bill Morgan dismissed the idea with a blunt reply:

"No, they won’t."

While the thought of the U.S. stockpiling crypto as a strategic asset is intriguing, it appears highly unlikely in this case. As Fagel emphasized, Ripple did not pay in XRP, ruling out any potential government use of those funds.

📌 Summary

🔹 Ripple has already paid $125 million in cash, not XRP

🔹 The funds remain in escrow pending formal appeal withdrawals

🔹 The case will conclude once both sides officially drop legal actions

🔹 Rumors about XRP being used as a U.S. reserve asset have been rejected

A resolution in the Ripple vs. SEC case appears imminent — all that’s left is one final step:

Withdraw the appeals, and it’s over.

#RippleVsSEC , #xrp , #Cryptolaw , #Ripple , #SEC

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