Rumors about delays in the SEC's legal proceedings against Ripple have sparked debates among crypto enthusiasts. Former SEC lawyer Marc Fagel clarified the situation, refuting incorrect reports.
Rumors About the Delay in the SEC vs. Ripple Case
A recent post by Michelle Kirby, a vocal XRP advocate, reignited attention to the legal proceedings. Kirby claimed that the SEC case has been delayed until August 15, 2025, expressing frustration over regulatory delays in the U.S. compared to Canada, where two spot XRP ETFs have been approved.
Marc Fagel's Response to the Misunderstanding
Marc Fagel, a former SEC regional director, dismissed Kirby's assertion about the delay. He stated, "The SEC case is NOT delayed until August 15. The district court judge can rule on the motion pending before her in hours, days, or weeks, but it obviously won’t come to that." This response clarified that there is no formal extension and that a ruling could be made at any time.
Context of the Case and Investor Sentiment
The SEC vs. Ripple lawsuit has been closely watched since its inception, attracting attention from both legal experts and retail investors. The SEC's handling of a proposed XRP spot ETF has also heightened investor frustration, as many in the XRP community view the prolonged deliberations as institutional resistance despite growing interest in the financial product.
Marc Fagel's response emphasizes the importance of distinguishing speculation from legal fact in high-profile litigation involving digital assets. While investor frustration over the timeline of the Ripple case remains evident, no official statements confirming a delay until August 15, 2025, have been issued.
