Altcoins News
By Julie Binoche
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No Secret Negotiations Behind the Scenes. The XRP community was on high alert after a closed-door SEC meeting on July 17 did not yield any…
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Judge and SEC Not Blocking the Case. Fagel also reminded the community that neither Judge Analisa Torres nor the SEC is intentionally…
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SEC’s Weekly Private Meetings Don’t Impact Case Timing. Another element fueling community speculation was the SEC’s regular Thursday meetings.
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$125M Penalty Payment Doesn’t Equal Settlement. Amid all the debate, another detail has surfaced: Ripple has already paid a $125 million penalty…
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Community Growing Restless. While Fagel continues to offer a grounded, procedural explanation for the delay, the XRP community…
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The Ripple vs SEC case, one of the most watched legal battles in the crypto industry, is once again under scrutiny—this time due to a delay in the anticipated settlement.
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Rather than secret negotiations or stalling tactics, Fagel asserts that the delay is entirely due to internal procedures within the U.S. Securities and Exchange Commission.
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The XRP community was on high alert after a closed-door SEC meeting on July 17 did not yield any public decision related to the Ripple case.
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Fagel, however, dismissed this theory. In a post on social media, he wrote, “That’s not the cause for delay.
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Fagel also took the opportunity to push back on some of the misinformation circulating online, quipping, “Please, keep lecturing a former senior SEC official about SEC…
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This isn’t the first time Fagel has tried to steer the conversation away from theories and back toward legal facts.
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Another element fueling community speculation was the SEC’s regular Thursday meetings. After July 3, many in the XRP community expected a breakthrough decision might come during…
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He pointed out that placing an item like Ripple’s appeal dismissal on the meeting calendar can take up to two months.
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In other words, while these meetings may be exciting on the surface, they’re unlikely to provide any immediate movement on the case.
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The idea that the penalty payment might shortcut the rest of the legal process is, according to Fagel, overly optimistic.
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