Tuesday, January, 21, 2025

No One Is Delaying the Ripple Lawsuit, Says Former SEC Lawyer Marc Fagel

Marc Fagel confirms no party is delaying the Ripple lawsuit, easing tension among XRP holders awaiting closure.
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Former SEC lawyer confirms no delays in Ripple lawsuit process
  • XRP community divided as case nears final procedural phase
  • Legal experts urge patience while Ripple and SEC finalize steps

Former SEC regional director Marc Fagel has addressed growing concerns over delays in the Ripple versus SEC lawsuit. In a post on X, Fagel firmly rejected claims that either Judge Analisa Torres or the SEC was causing the holdup.

According to him, no one is actively holding up the case, and current delays reflect standard legal procedures. He indicated that after meeting internally in the SEC and voting on a dismissal, it can easily take one to two months to actually file.

Fagel also demystified that Judge Torres has not made any pending ruling, as both sides are undergoing procedural necessities. This is in light of speculation over why it took so long to file the lawsuit despite tensions building up in the XRP community.

According to Fagel, the court will stay until Ripple and the SEC submit and examine their final documentation. His statement has eased the fears of most XRP owners who were afraid of excessive judicial oversight or regulatory gamesmanship.

The statement by Fagel clarifies a case that has been ongoing for more than three years and still attracts huge public attention. Legal analysts indicate that the stage is one of administrative wrappings and coordination, not legal disputes or tactical procrastination.

Mixed Reactions Across the XRP Community

Community response to XRP is still split despite the attempts by the former SEC official to take away the confusion. Others were relieved to learn this and saw this as a step closer to having the case concluded and heading to the legal game with its final.

The others are left cynical and waiting as both sides have failed to come out with clear statements on that matter. Pro-XRP attorney Bill Morgan backed Fagel up and advised the community to wait calmly as procedures still take place.

Morgan also made it clear that settlements can be time-consuming, particularly in cases involving the regulation of large sums of money. In the meantime, crypto pundits such as JackTheRipper are proposing that a resolution can be found in the current crypto cycle.

A formal dismissal would mark a significant milestone for XRP, potentially opening doors for institutional partnerships. It also paves the path for exchange listings and interest in XRP from big market players.

Observers remain alert for any court filings or official statements that could confirm the lawsuit’s final resolution.

It is impatience on the part of the electorate, but legal insiders attest that no obstruction is the guiding process leading to the end game in the lawsuit.

Also Read: Hacker Returns $10M in GMX Heist But Keeps $3M ETH Profit Amid Bounty Deal

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