- Fagel confirms Judge Torres has no further role in the XRP case.
- Both parties expected to dismiss appeals, activating the court’s ruling.
The Ripple vs. SEC lawsuit may be entering its final phase as legal experts anticipate appeal dismissals from both sides. Former SEC lawyer Marc Fagel has clarified that Judge Analisa Torres will no longer play a role in the case’s progression. Her previous order against Ripple will take effect once the appeals are officially dropped. This development signals a narrowing path toward a possible resolution, though official filings are still pending.
Fagel Clarifies Judge Torres’ Future Role
Marc Fagel, a former SEC attorney, stated that Judge Torres’ involvement in the XRP lawsuit is essentially complete. According to his explanation on X, the only remaining action is for both Ripple and the SEC to drop their appeals.
Once that happens, Torres’ ruling will automatically come into effect. Fagel emphasized, “There is nothing further for Judge Torres to sign off on.”
Despite Brad Garlinghouse announcing Ripple’s appeal dismissal, Fagel pointed out that no official filing has appeared on the docket. He disputed community claims that the appeal had already been dropped, stating that such a move had not been legally recorded yet. However, he noted confidence that both parties will eventually proceed with dismissal.
SEC Meeting Sparks Rumors, Fagel Dismisses Speculation
The SEC’s private meeting on July 3 triggered online speculation about a major development in the Ripple case. However, Fagel downplayed the importance of this meeting, explaining it was a routine session planned before the court’s recent decision. He wrote that it “typically takes several weeks for a matter to get on the SEC agenda for a vote.”
Still, he did not rule out a faster process entirely. Fagel mentioned that since a previous vote to dismiss had already occurred, an expedited timeline is likely possible. He added that although SEC approvals usually take weeks or even months, existing groundwork could speed up this case.
For now, both parties have yet to dismiss their appeals formally. Until those filings appear, the lawsuit remains unresolved. However, once completed, Judge Torres’ earlier ruling will automatically take hold without additional court involvement.
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