Ripple vs SEC Case Won’t End Today, Says Former SEC Lawyer

The long-running Ripple vs. SEC lawsuit has once again sparked speculation online, especially on X (formerly Twitter), with rumors swirling that the case could end today. But according to a former SEC lawyer, that’s unlikely.

Marc Fagel, a former SEC official, took to X to shut down the hype. He said it’s “highly unlikely” that the Ripple case will be resolved today, as neither party has officially withdrawn their appeals. 

“Anything is possible, but it would be very unusual,” he wrote, explaining that the SEC usually takes weeks or even months to vote on such enforcement matters. Rumors suggested Ripple and the SEC might drop their appeals and end the case. 

If that happens, Judge Analisa Torres’s previous ruling partly against Ripple would immediately go into effect. Although Ripple CEO Brad Garlinghouse has talked about dismissing the appeal, no formal paperwork has been filed yet.

Some hoped a July 3rd closed-door meeting at the SEC signaled a settlement, but Fagel clarified it was a routine meeting. He reminded followers that the SEC doesn’t move fast, even when the outcome seems clear.

So, what’s next for XRP holders? While both Ripple and the SEC are expected to drop their appeals eventually, it likely won’t happen today. The crypto community, used to fast moves, may need to adjust to the government’s slower pace.