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Ex-SEC Lawyer Clarifies Ripple (XRP) Case Timeline
A recent statement made by Michelle Kirby, a vocal XRP enthusiast, has sparked renewed attention to the ongoing litigation between the Securities and Exchange Commission (SEC) and Ripple. In her tweet, Kirby expressed frustration over regulatory delays in the United States, particularly regarding the approval of spot XRP exchange-traded funds (ETFs). She estimated that the influx of $200 to $300 million could be injected into the market via these instruments.
However, a former SEC lawyer, Marc Fagel, has stepped forward to correct this misconception. In a tweet, he clarified that there is no official statement confirming a delay until August 15, emphasizing that the decision timeline remains entirely within the discretion of the court.
The clarification provided by Fagel underscores the importance of distinguishing speculation from legal fact in the context of high-profile litigation involving digital assets.
Source: timestabloid.com
