The XRP community remains on alert as Ripple and the U.S. Securities and Exchange Commission (SEC) move closer to resolving their long-running legal dispute. Former SEC regional director Marc Fagel recently shared insights that clarified the current stage of the case and addressed growing public speculation.
On social platform X, user @Want_Pride_Back questioned Ripple CEO Brad Garlinghouse about when Ripple withdrew its countersuit and why Paul Atkins had not sought full dismissal of the case. In response, Fagel stepped in to explain the legal complexities.
Cross-Appeal Still Active
Fagel confirmed that Ripple has not yet withdrawn its cross-appeal. He explained that the SEC must complete a series of procedural steps before it can officially retract this action. This process requires a formal internal review and a commission vote, both of which could take several months.
Related article: Ripple CTO Clarifies Role of RLUSD and Why XRP Remains Crucial
Addressing concerns about potential stalling tactics, Fagel emphasized that there is no deliberate delay at play. Instead, he described the timeline as part of a routine regulatory process. Once internal settlement steps conclude, both Ripple and the SEC will be able to jointly file dismissal papers in court.
Judge Torres No Longer Involved
In the same discussion thread, Fagel clarified that Judge Analisa Torres, who previously issued major rulings in the lawsuit, is no longer actively involved. The current stage consists of final administrative actions that do not require her participation.
Related article: Ripple Expands DeFi Ambitions with New VP of Institutional Partnerships
Fagel also highlighted that Ripple’s $125 million fine remains in escrow. This amount will only be released once formal approval is granted during the settlement process.
Fagel’s statements dispel misconceptions that the case’s timeline is politically motivated or intentionally prolonged. As the lawsuit approaches its conclusion, Ripple and the SEC must complete essential filings before the court can officially close the case.
