XRP News Today: SEC Case Against Ripple Not Delayed Until 2025 Says Former Lawyer

Marc Fagel, a former SEC lawyer who has been vocal in the XRP community amid the litigation between the securities regulator and Ripple, has clarified the confusion about the timeline of the protracted lawsuit. A recent post by Michelle Kirby, a vocal XRP enthusiast, prompted renewed attention to the legal proceedings. Kirby suggested that the SEC case has been delayed until August 15, 2025. In the tweet, she expressed her frustration over regulatory delays in the U.S., especially in contrast to developments in Canada’s cryptocurrency landscape.

Kirby, in her video, highlighted the approval of two spot XRP exchange-traded funds (ETFs) in Canada and emphasized the potential impact of these ETFs, estimating an influx of $200 to $300 million into XRP through these instruments. She criticized the perceived sluggishness of the U.S. regulatory system, particularly the SEC, for not yet allowing comparable financial products despite the technology being developed in the United States. In her message, she questioned the logic behind regulatory delays, suggesting that the U.S. government might be awaiting custody of a portion of XRP, potentially tied to Ripple’s escrow, before moving forward.

Shortly after Kirby’s tweet and video were posted, Marc Fagel, a former SEC regional director and securities law expert, responded directly to her claim about a supposed delay in the SEC’s legal case against Ripple. Fagel firmly corrected the narrative, stating, “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 (or months or years, for that matter, but it obviously won’t come to that).” His comment served as a legal rebuttal to the date cited in Kirby’s tweet. Fagel made it clear that there is no formal extension or postponement of the case to August 15 and stressed the discretion of the court in issuing a decision on the pending motion. By stating that a ruling could come at any time, Fagel implied that speculation on specific future dates lacks a factual basis unless officially communicated by the court.

The SEC v. Ripple lawsuit has been closely watched since its inception, with various rulings and procedural developments attracting intense scrutiny from both legal experts and retail investors. The case has come to represent the wider confusion around crypto regulations in the U.S., especially when it comes to getting support from major financial institutions. Adding to the complexity is the SEC’s handling of a proposed spot XRP exchange-traded fund (ETF). In April 2025, the Commission delayed a decision on the Franklin XRP Spot ETF, pushing its ruling to June 17. On that date, rather than delivering a final decision, the SEC issued an order to initiate proceedings aimed at evaluating whether to approve or disapprove the proposed rule change that would permit the listing and trading of the ETF. This action also opened a new round of public commentary, further prolonging the approval process.

The initiation of proceedings has heightened investor frustration, especially in contrast to regulatory progress in other countries such as Canada, where XRP spot ETFs are already advancing. Many in the XRP community interpret the SEC’s prolonged deliberations as an indication of institutional resistance, despite growing demand and technological maturity. Marc Fagel’s intervention underscores the importance of distinguishing speculation from legal fact in the context of high-profile litigation involving digital assets. While investor frustration over the timeline of the Ripple case remains palpable, no official statement confirming a delay until August 15, 2025. As Fagel pointed out, the decision timeline remains entirely within the judge’s discretion and may conclude sooner than expected.