Recent comments from former SEC attorney Marc Fagel clarify the ongoing situation regarding the long-anticipated resolution of the SEC vs. Ripple case.
Current Appeal Status
Marc Fagel has clarified the situation regarding Ripple's case, stating that while some XRP supporters hope for an imminent conclusion, the legal processes within the SEC may take more time. He noted that it typically takes a month or two to vote on enforcement recommendations.
Steps Needed for Case Closure
Ripple announced its readiness to drop its cross-appeal on June 27, 2025. However, the SEC has not yet formally withdrawn its appeal, which requires an internal vote. Both parties must notify the court upon resolution.
Judge Torres' Involvement
Fagel clarified that Judge Torres is no longer actively involved in the case. Her rulings will take effect once both parties file formal notice of appeal withdrawals, with no further hearings required.
Overall, Fagel emphasized that the final resolution of the Ripple case may take time, highlighting the slow nature of legal procedures and the need to follow all necessary steps.
