Former SEC enforcement attorney Marc Fagel has clarified swirling speculation about a possible conclusion to the SEC’s long-running lawsuit against Ripple. While some XRP advocates believe an announcement is imminent, Fagel reminds the public that legal processes inside the SEC don’t move that quickly. After XRP supporter John Squire posted, “The SEC could announce the endgame at any moment…”, Fagel responded bluntly: “Not on a weekend, they won’t. It typically takes a month or two to vote on an enforcement recommendation, so people need to chill. There’s a process.” Where Things Stand with the Appeal Ripple announced its readiness to drop its cross-appeal on June 27, 2025. However, the SEC has yet to formally withdraw its appeal. According to Fagel, that step requires an internal vote by the Commission, a vote that has not yet occurred. Until then, the appeal technically remains open. Not on a weekend they won’t. It typically takes a month or two for a vote on an enforcement recommendation, so people need to chill. There’s a process. — Marc Fagel (@Marc_Fagel) July 12, 2025 Once the SEC completes its internal process and approves the withdrawal, both parties must jointly notify the court. Only then will Judge Analisa Torres’s previous rulings and penalties fully take effect, officially closing the case. It Won’t Happen Overnight Despite excitement in the XRP community, there’s no indication that the SEC will act immediately. Fagel emphasized that even if the Commission intends to drop the appeal, “it typically takes a month or two” to schedule and vote on an enforcement recommendation. Speculation that the SEC might use a weekend or early July meeting to announce a decision is misplaced. He dismissed the significance of a recent July 3 closed-door SEC meeting , saying it “tells us nothing about Ripple timing.” In reality, such meetings are routine and unrelated to specific enforcement actions unless explicitly stated. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal experts now suggest that, barring any complications, the appeal could be dropped within the next couple of months. That timeline aligns with Fagel’s understanding of how the SEC typically handles enforcement resolution. Judge Torres Has No Further Role Fagel also clarified that Judge Torres is no longer actively involved in the case. Her rulings stand, and there is nothing more for the court to do until both parties submit formal notice of appeal withdrawals. Once that happens, the court will automatically close the matter—no further hearings or judicial action are required. Final Steps to Closure Fagel’s detailed explanation breaks down the path forward: the SEC must first vote internally to drop its appeal. Then, both sides will file a joint dismissal. Only after this procedural process is complete will the Ripple case be officially closed. His insight provides a much-needed reality check for the XRP community. While the legal endgame is clearly in motion, it will not arrive overnight. The wheels of regulatory enforcement, Fagel reminds us, turn slowly, but they do turn. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Case Update: Ex-SEC Lawyer Reveals When the Regulator Could Officially End Appeal appeared first on Times Tabloid .
