XRP News Today: Ripple vs SEC Case Update: Judge Torres Role Clarified, Settlement Not Imminent

In the ongoing legal battle between Ripple and the Securities and Exchange Commission, former SEC lawyer Marc Fagel has clarified the procedural status of the case. Fagel addressed misconceptions within the XRP community, explaining that Judge Analisa Torres has no further role in the lawsuit once the parties withdraw their respective appeals. Her earlier ruling against Ripple remains effective and will take effect upon the dismissal of the appeals. Fagel noted that, as of now, no formal filing to dismiss the appeal has been recorded in the court docket, despite Ripple CEO Brad Garlinghouse’s announcement that the company intends to dismiss its appeal.

Fagel emphasized that neither party has officially filed to dismiss their appeals, but it is likely they will. He explained that once the appeals are dismissed, the district court’s ruling against Ripple will go into effect, and there is nothing further for Judge Torres to sign off on. His comments directly address ongoing debates in the XRP community about whether Judge Torres is still actively involved in the case.

In addition to clarifying the judge’s role, Fagel commented on the significance of the SEC’s private meeting held on July 3. Speculation within the XRP community suggested that the meeting might result in an immediate settlement or another significant decision in the Ripple matter. Fagel disagreed with these interpretations, describing the meeting as part of the agency’s routine weekly schedule. He noted that it typically takes several weeks for a matter to get on the SEC agenda for a vote, making it unlikely that the meeting would result in an immediate resolution to the appeal or settlement process.

Fagel also addressed the timeline for the final resolution of the case. He pointed out that although both parties will probably withdraw the appeal, the process may still take weeks or even longer, depending on how quickly the SEC moves. While acknowledging the possibility of an expedited process, he cautioned that the SEC’s internal procedures are rarely immediate. He commented that the SEC approval process doesn’t happen overnight and typically takes several weeks or even months. It might be expedited, since they’ve already voted once before to dismiss the appeal. His remarks underscore that although a settlement appears likely, procedural realities mean it could take additional time to be finalized.

Fagel’s analysis has provided a clearer understanding of how the case is likely to proceed. Judge Torres’ previous ruling against Ripple will remain in place once both sides formally dismiss their appeals, but no further judicial action is required from her. The July 3 SEC meeting does not appear to be directly relevant to the Ripple lawsuit, and while a settlement remains probable, it is unlikely to occur immediately. Fagel’s comments serve as a reminder that the case’s resolution depends on procedural filings and internal SEC processes, which tend to move at a deliberate pace even when the outcome seems assured.