Why an XRP Deal Over the Weekend Is Unrealistic

Taking to social media platform X, Fagel addressed growing rumors that Judge Analisa Torres could issue a ruling over the weekend. His response was firm:

“Nothing gets resolved over the weekend. There’s a process involved.”

According to Fagel, SEC enforcement actions usually take one to two months for internal review and voting before any formal action is taken. Additionally, for a court decision or a mutual settlement between the parties, several official steps must be completed — making a quick outcome improbable at this point.

Judge Torres Has No Current Jurisdiction

Fagel also highlighted an important legal point: Judge Torres currently has no active authority over the Ripple case. Legal expert James K. Filan previously echoed this sentiment, noting that there is no pending motion before her, which means she’s not in a position to issue a decision at this stage.

SEC Hasn’t Filed for Dismissal Yet

As Fagel explained, the SEC has not yet filed a motion to dismiss the case. Although the appeal window has now closed, any dismissal still requires a formal internal vote within the SEC. Only after that, both parties would need to jointly file a request to withdraw the case from court — a process that typically takes several weeks, not just a few days.

Why July 14 Became a Focus

The July 14 speculation originated from theories that Ripple aimed to align the lawsuit’s end with the rollout of the ISO 20022 financial messaging standard. But Fagel firmly denied any link between the lawsuit and that timeline, stating there’s no evidence of a pre-planned settlement connected to ISO updates.

Gensler Has No Ties to the Lawsuit’s Origin

Another circulating rumor was that former SEC Chair Gary Gensler played a role in the decision to sue Ripple. Fagel dismissed this entirely, pointing out that the lawsuit was initiated in 2020, before Gensler assumed office. He added that if investors suffered financial losses, Ripple, not the SEC, should be held accountable for allegedly offering unregistered securities.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post When Will the XRP Lawsuit End? Former SEC Attorney Weighs In appeared first on Coin Engineer.