XRP News Today: Ripple SEC Case Moves Towards Resolution As Judge Torres' Role Ends

In the ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC), former SEC lawyer Marc Fagel has provided clarity on the role of Judge Analisa Torres. Fagel stated that Judge Torres will not have any further involvement in the case once both parties drop their appeals. Her previous ruling against Ripple will then take effect, concluding her judicial oversight in this matter.

Fagel's remarks come amidst widespread speculation about a potential settlement between Ripple and the SEC. Despite rumors suggesting that a recent SEC meeting could impact the Ripple case, Fagel dismissed these as baseless. He explained that the meeting in question is a routine weekly session and is unlikely to affect the lawsuit's outcome. Fagel noted that the SEC's approval process for such matters typically takes several weeks, or even months, and while an expedited process is possible, it is not guaranteed.

Fagel also addressed the ongoing debate within the XRP community regarding Ripple's appeal dismissal. He pointed out that while Ripple's CEO Brad Garlinghouse has announced the dismissal of the appeal, no official filing has been made to the docket. Fagel is confident that both parties will eventually drop their appeals, stating that it is a near certainty. Once this happens, Judge Torres' previous order against Ripple will be enforced, and there will be no further need for her involvement.

Fagel's analysis offers a clear view of the legal landscape surrounding the XRP lawsuit. His insights suggest that the case is moving towards a resolution, with both parties likely to drop their appeals in the near future. This development could have significant implications for the cryptocurrency market, as the outcome of the lawsuit will set a precedent for how digital assets are regulated in the United States. The market is closely watching these developments, as the resolution of the lawsuit could unlock new opportunities for growth and innovation in the crypto space.