TLDR
- Judge Torres has no pending decisions in the Ripple vs SEC case, says former SEC lawyer Marc Fagel.
- The SEC is following standard dismissal procedures, which typically take 1–2 months post-internal vote.
- Ripple and the SEC have not yet filed to dismiss their respective appeals in the XRP lawsuit.
- The XRP lawsuit is now in a procedural phase with no delays caused by the court, according to Marc Fagel.
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is moving ahead without obstruction, according to legal experts. While some members of the XRP community claim that the case is being delayed by Judge Analisa Torres, a former SEC official says otherwise.
Former SEC lawyer Marc Fagel has publicly stated that there is no delay in the process and that everything is proceeding as expected. This comes after speculation surfaced that the court had been slow to respond to a joint motion to dismiss the remaining parts of the case.
Judge Torres No Longer Involved in Case Decisions
Marc Fagel addressed the concerns surrounding the role of Judge Torres. He said the judge is no longer actively involved in the matter. “Nobody is holding up the case. Not the judge… there is nothing for her to decide,” Fagel posted on X (formerly Twitter).
This statement comes in response to community concerns that the judge is causing a delay in the settlement. However, according to Fagel, the court has already fulfilled its responsibilities in the lawsuit. With the trial phase over and major rulings made, the matter now lies in procedural territory.
Fagel’s remarks clarify that Judge Torres is not required to make any further decisions unless unexpected developments occur. He reiterated that the focus has now shifted away from the courtroom and toward administrative processes.
SEC Procedures Are Routine and Require Time
Fagel also explained that the delay some are noticing is part of a normal process. He noted that the SEC needs time to complete its internal voting and formal dismissal steps. These procedures are routine and often span one to two months.
“The SEC… has a standard procedure to follow and will dismiss the appeal once the vote is taken,” Fagel stated. According to him, this voting process is not unique to the XRP lawsuit and follows a timeline seen in other enforcement matters.
The community’s concern about the pace of progress appears to be linked to a lack of visible updates. However, Fagel stressed that silence during this phase is not unusual. It reflects the behind-the-scenes nature of the steps being taken.
Next Steps Focus on Dismissal of Appeals
Both Ripple and the SEC are expected to file dismissals for their pending appeals. As of now, no such filings have been made, but legal observers believe they are coming soon. Fagel explained that the dismissal process is straightforward and does not require new rulings from the court.
“So there is nothing pending before the judge; it’s now in the hands of the parties to simply dismiss their appeals,” Fagel wrote. His comments suggest that the parties are simply following formalities and legal procedures.
The anticipated dismissal would mark the conclusion of the lawsuit that has lasted several years. Once complete, this will likely end the ongoing legal confrontation between Ripple and the SEC over the classification of XRP.
Public Reaction Driven by Misunderstanding of Legal Timelines
The XRP community has shown frustration due to the perceived delay in wrapping up the XRP lawsuit. Some users on X have posted that Judge Torres is holding up the dismissal by not approving motions quickly. However, Fagel’s remarks provide a counter to those views, suggesting that expectations may be misaligned with legal timelines.
As procedural matters continue, legal experts say that the community should not expect frequent updates. Instead, the process will likely remain quiet until official filings are made to dismiss the remaining appeals.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support