The Ripple vs SEC lawsuit is nearing its conclusion. Both parties are expected to dismiss appeals, allowing Judge Analisa Torres to step aside.
Judge Torres' Role in the Ripple Case
Marc Fagel, a former SEC attorney, stated that Judge Torres' involvement in the XRP lawsuit is essentially complete. According to his remarks, the only remaining action is for both parties to drop their appeals.
Once that happens, Torres' ruling will automatically come into effect. Fagel emphasized, “There is nothing further for Judge Torres to sign off on.”
Speculation Surrounding SEC Meeting
The SEC’s private meeting on July 3 triggered online speculation about major developments in the Ripple case. However, Fagel downplayed the meeting's significance, explaining it was a routine session planned before the court's recent decision. He noted that it typically takes several weeks for a matter to get on the SEC agenda for a vote.
Future Prospects for the Case
For now, both parties have yet to formally dismiss their appeals. Until those filings appear, the lawsuit remains unresolved. However, once completed, Judge Torres' earlier ruling will automatically take effect without further court involvement.
As the parties await the dismissal of their appeals, the possibility of concluding the legal battle between Ripple and the SEC becomes increasingly apparent. Judge Torres' previous ruling is expected to take effect, marking a significant step in this case.
