The ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) continues to draw heightened interest. Former SEC official Marc Fagel stepped in to clarify speculation about a potential July 17 decision.
Developments in the Ripple and SEC Case
Marc Fagel, a former SEC regional director, addressed rumors suggesting that the commission might vote to drop its appeal against Ripple during the upcoming closed meeting on July 17. He emphasized that the agenda of these meetings is confidential, and anyone outside the SEC cannot know its contents in advance. "The SEC holds a closed meeting every Thursday," he stated. "The agenda is confidential, and anyone claiming to know what's on it is making it up."
Expert Opinions and Upcoming Meetings
Fagel reminded that weekly closed meetings of the SEC are held to discuss confidential matters, including enforcement strategies and regulatory updates. The agendas are not made public, making predictions about specific votes purely speculative. Following unconfirmed hopes for possible decisions on July 3 and July 10, focus has now shifted to July 17.
Expectations of the XRP Community
As the case drags into its fourth year, the XRP community is keenly awaiting a resolution. In light of Fagel's recent comments, investors remain hopeful that the SEC will soon conclude the case. However, it is essential to remember that predictions regarding decision-making time frames rely on SEC insiders.
With complex processes unfolding behind closed doors, the outcome of the Ripple case remains uncertain. However, the XRP community continues to await the official conclusion of this long-standing legal dispute.
