
Ripple Legal Update: Expert Debunks Rumors of July 14 XRP Case Resolution
According to legal analysts, the likelihood of a settlement between Ripple and the SEC before July 14 is extremely low, and no motion has been filed. Attorney Marc Fagel corroborates that the SEC must vote internally and engage in a formal process to withdraw the case.
Investors expecting a last-minute Ripple vs. SEC settlement after July 14 might be left disappointed, as legal experts reject the possibility of a rapid resolution. A former SEC official, attorney Marc Fagel, clarified that the SEC system does not permit weekend settlements. Not on the weekend they won’t. It typically takes a month or two for an enforcement recommendation vote, so people need to relax. There’s a process.
Fagel also addressed rumors on social media directly, stating that the SEC can only withdraw any case after a formal review and internal voting. He emphasized that it usually takes one to two months. He ruled out the prospect of a weekend decision, bluntly saying “Not a weekend, they do not.”
He further reacted to speculation that Judge Analisa Torres could intervene. Fagel asserts that Judge Torres has no jurisdiction over the Ripple case.
This stance is in line with earlier remarks made by legal analyst James K. Filan, who stated there are no pending motions before her.
Source: www.crypto-news-flash.com