The post XRP News Today: Mid-August Could Mark the End of Ripple vs SEC Lawsuit appeared first on Coinpedia Fintech News
After shutting down the weekend resolution rumors, former SEC lawyer Marc Fagel has stepped in to clear the air on another long-time rumor of who is delaying the case.
In a recent post on X, Fagel responded to rumors that Judge Analisa Torres or the SEC might be holding up the proceedings, firmly stating, “No one is holding up the case.”
His comment has brought a wave of clarity to what many XRP holders saw as judicial delay.
No One Is Holding Up the XRP lawsuit, Says Former SEC Lawyer
Fagel explained that what may appear as a delay is simply part of the standard legal process. Once the SEC internally votes on a dismissal, it typically takes one to two months for a formal filing to be submitted.
He clarified that Judge Torres has nothing left to decide at this stage, and both parties, Ripple and the SEC, are in the process of finalizing the necessary steps. While no official dismissal has been filed yet, Fagel emphasized that this is a procedural phase and the court is not actively involved until the final paperwork lands.
XRP Community Split Over Timeline
The response from the crypto community has been mixed. While some welcomed Fagel’s comments as reassuring, others expressed continued impatience.
Meanwhile, some community members are “tired of waiting,” others like pro-XRP lawyer Bill Morgan supported Fagel’s take, urging patience and noting that legal settlements often take time.
While some analysts like JackTheRippler believe the resolution will likely come within the “crypto week”. Still, with Ripple’s legal team previously hinting at closure soon, many believe the end is finally in sight.
Investors are now watching closely for any sudden moves, especially amid speculation about XRP’s price once the case officially concludes.
What’s at Stake for XRP?
A formal dismissal would clear the legal overhang and likely pave the way for spot XRP ETFs, institutional partnerships, and wider adoption. It also represents a broader shift in crypto regulation, signaling that litigation isn’t the norm and transparent rulemaking is.
With XRP trading near $3 and volumes high, markets appear to be betting on a positive resolution.
Analysts point to mid-August as the likely timeframe for the SEC vote and case closure. Until then, XRP remains in the spotlight, poised to make its next big move.
Meanwhile, an early resolution during the market peak can give XRP an upper edge to XRP to regain the lost investor faith with wider adoption changes.
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FAQs
Former SEC lawyer Marc Fagel indicates that once the SEC internally votes on a dismissal, it typically takes one to two months for the formal filing. Analysts are pointing to mid-August as a likely timeframe for the SEC vote and case closure.
A formal dismissal is expected to clear regulatory uncertainty, potentially paving the way for spot XRP ETFs, new institutional partnerships, and wider adoption. This could significantly boost XRP’s price and solidify its position in the crypto market.
The XRP community has had a mixed reaction. While some welcome the clarity from experts like Marc Fagel and urge patience, others express frustration over the continued waiting. Some remain optimistic about an early resolution during the current market peak.
