As the crypto community eagerly awaits the XRP lawsuit settlement, the Ripple vs SEC case is taking unexpected turns. While there are multiple speculations about the Ripple lawsuit’s potential developments, ex-SEC lawyer Marc Fagel suggested that Judge Analisa Torres’ ruling could stand.
Notably, the former SEC lawyer’s comments come amidst a mysterious twist in the XRP lawsuit. Let’s dive into the basis of Marc Fagel’s assertions and his response to the new turn in the XRP lawsuit.
Will Judge Torres Revoke the XRP Lawsuit Ruling?
Despite both the US SEC and Ripple taking steps that could lead to a conclusion in the XRP lawsuit, uncertainty still surrounds the outcome. There are numerous rumors and speculations about the case’s potential developments. One such scenario is the possibility of Judge Analisa Torres revoking the existing judgment on Ripple’s liability.
However, ex-SEC lawyer Marc Fagel dismissed the possibility of such a development. According to Fagel, Judge Torres will not revoke her ruling. Instead, the parties involved in XRP lawsuit will focus on modifying the remedies. The SEC lawyer’s comments have drawn significant attention, with many focusing on the potential shift in emphasis to penalties and remedies.
Ex-SEC Lawyer Dismisses Unusual Filing as Spam
In a surprising twist, a mysterious filing in the XRP lawsuit has raised concerns and speculations. An individual named Justin W. Keener submitted a request to present “decisive evidence” in the Ripple vs SEC lawsuit. He posited that the critical information favors both Ripple and Americans, sparking much attention. The ambiguous nature of the filing has invoked further intrigue as the mentioned evidence remains unclear.
While prominent figures came forward commenting on the unusual filing, Marc Fagel dismissed it as a spam. He wrote on an X post,
It’s not really that. It’s a filing by someone not authorized to appear in the case. It’s the equivalent of spam getting through the court’s filter, and will be deleted.
Is the XRP Lawsuit Settlement Imminent?
As Ripple has dropped its cross-appeal in response to the SEC’s appeal withdrawal, the community remains confident that the conclusion is imminent. However, citing possible reasons, experts point out a potential delay in the settlement with a few steps pending.
As per legal expert Fred Rispoli, the Ripple vs SEC case could be concluded within two months. Despite these anticipations, it needs to be seen how the Ripple lawsuit would ultimately end.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
