{"id":46414,"date":"2025-07-19T13:00:22","date_gmt":"2025-07-19T10:00:22","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=46414"},"modified":"2025-07-19T11:06:14","modified_gmt":"2025-07-19T08:06:14","slug":"ripple-sec-lawsuit-delay-marc-fagel-explains-reason","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-sec-lawsuit-delay-marc-fagel-explains-reason\/","title":{"rendered":"Why Is the Ripple vs SEC Settlement Still Delayed?"},"content":{"rendered":"<p><span data-contrast=\"auto\">The ongoing lawsuit between <strong>Ripple and <\/strong>the<strong> U.S. SEC<\/strong> has yet to reach a conclusion, leaving the <a href=\"https:\/\/coinengineer.net\/blog\/is-ripple-about-to-enter-the-u-s-banking-system\/\">XRP<\/a> community increasingly curious about the reasons behind the delay. Former SEC official Marc Fagel has made notable remarks, shedding light on what&#8217;s really causing the holdup in the high-profile case.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In a detailed post on social media platform X, <strong>Fagel<\/strong> explained that internal SEC procedures, rather than any ongoing negotiations, are behind the delay. According to him, drafting action memos, reviewing them through internal divisions, and scheduling commissioner votes are standard steps that take time. \u201cThat\u2019s not the cause for delay,\u201d he wrote, dismissing speculations of secret talks between Ripple and the SEC.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-lawsuit-delay-marc-fagel-explains-reason\/#SECs_Bureaucratic_Process_Slows_Ripple_Lawsuit\" title=\"SEC\u2019s Bureaucratic Process Slows Ripple Lawsuit\u00a0\">SEC\u2019s Bureaucratic Process Slows Ripple Lawsuit\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-lawsuit-delay-marc-fagel-explains-reason\/#Hope_for_a_Quick_Settlement_Might_Be_Premature\" title=\"Hope for a Quick Settlement Might Be Premature\u00a0\">Hope for a Quick Settlement Might Be Premature\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SECs_Bureaucratic_Process_Slows_Ripple_Lawsuit\"><\/span><span data-contrast=\"auto\">SEC\u2019s Bureaucratic Process Slows Ripple Lawsuit<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Fagel made it clear that the delay stems from bureaucratic obligations. The process begins with preparing an action memo, which then must be reviewed by relevant departments. Only after this review can it be placed on the calendar for a commissioner vote. This sequence, he noted, may take 1 to 2 months.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Following the closed-door meeting on July 3, the community expected significant progress. However, no decision came out of the July 17 session either. Fagel emphasized that these meetings are routine weekly events with no direct link to the Ripple case.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">He also debunked rumors blaming Judge Torres or the <a href=\"https:\/\/coinengineer.net\/blog\/when-will-the-xrp-lawsuit-end-former-sec-attorney-weighs-in\/\"><strong>SEC<\/strong><\/a> for intentionally stalling the process. \u201cNobody is holding up the case,\u201d he said. Furthermore, he clarified that <strong>Ripple\u2019s $125 million<\/strong> fine was paid in cash, not in <strong>XRP<\/strong>, and this does not signal the end of the case. The final resolution still depends on the SEC\u2019s appeal status.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hope_for_a_Quick_Settlement_Might_Be_Premature\"><\/span><span data-contrast=\"auto\">Hope for a Quick Settlement Might Be Premature<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Despite Ripple dropping its appeal, which sparked hope for a swift resolution, Fagel remains skeptical. He warned the community against believing anyone claiming to know the exact timing, reiterating that no one truly knows when a settlement vote will be scheduled.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In summary, the delay in the Ripple vs SEC case is not due to reluctance or negotiation tactics but rather the standard operational timeline within the SEC. The <strong>XRP community<\/strong> continues to wait for clarity, but expectations of a quick conclusion may be overly optimistic.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ongoing lawsuit between Ripple and the U.S. SEC has yet to reach a conclusion, leaving the XRP community increasingly curious about the reasons behind the delay. Former SEC official Marc Fagel has made notable remarks, shedding light on what&#8217;s really causing the holdup in the high-profile case.\u00a0 In a detailed post on social media<\/p>\n","protected":false},"author":36,"featured_media":42483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[20982,6033,20979,20514,11238,20981,18120,20978,20983,20980,11911,924,20977],"class_list":["post-46414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain-court","tag-crypto-regulation","tag-legal-crypto-news","tag-marc-fagel","tag-ripple-case","tag-ripple-legal","tag-sec-delay","tag-sec-procedures","tag-sec-voting","tag-settlement-delay","tag-xrp-investors","tag-xrp-lawsuit","tag-xrp-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Is the Ripple vs SEC Settlement Still Delayed? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ripple vs SEC case delayed due to internal SEC procedures, not negotiations. 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