Speculation around the long-running Ripple vs SEC lawsuit intensified this week, but former SEC regional director Marc Fagel moved to shut down the latest wave of rumors.
In a series of statements on X, Fagel clarified that the delay in reaching a settlement has nothing to do with secret negotiations—instead, it’s the SEC’s internal processes slowing things down.
Fagel pointed to bureaucratic steps like action memo drafting, internal reviews, and commissioner vote scheduling as the primary reasons behind the holdup. He dismissed the idea that either the judge or the SEC is deliberately stalling the case, adding, “Nobody is holding up the case.”
The latest commentary comes after a July 17 closed-door meeting failed to deliver the anticipated breakthrough. Some XRP holders believed a resolution was imminent following Ripple’s decision to dismiss its appeal, but Fagel countered that SEC enforcement votes can take weeks to be calendared.
He also explained that the SEC’s weekly closed-door sessions follow a routine format and shouldn’t be interpreted as case-specific. Meanwhile, Fagel noted that Ripple has already paid its $125 million penalty in cash, not XRP, but stressed this doesn’t mean the case is over—final settlement still depends on the resolution of appeal procedures.
Despite Fagel’s measured tone, the XRP community remains eager for closure. But if his assessment is correct, the wait may continue for several more weeks.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/xrp-case-delay-tied-to-sec-procedures-not-negotiations-says-former-official/