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The Ripple vs. SEC lawsuit continues to attract widespread attention from the cryptocurrency community. Former SEC lawyer Marc Fagel has addressed the growing speculation over the case’s timeline, asserting that the legal process is proceeding as expected. Amid XRP’s recent 50% price rally, investors are closely following the final steps of this long-running legal battle.
Recent claims from XRP holders suggest Judge Analisa Torres is causing unnecessary delays in approving the joint motion to dismiss the case. In response, former SEC regional director Marc Fagel clarified that there is no pending matter before Judge Torres. He stated that the judge’s involvement has concluded and that she is not responsible for any further actions.
Fagel emphasized that the process now lies with Ripple and the SEC, who are expected to dismiss their respective appeals soon. In his post on X, Fagel noted that the remaining steps involve internal procedures, including a formal SEC vote, which typically takes one to two months. He explained that this timeline reflects normal legal procedure, not unexpected delays.
Fagel explained that Ripple and the SEC must complete internal formalities before officially dismissing their appeals. He confirmed that no dismissal filing has been made yet. However, he added that once the SEC completes its internal voting process, the dismissal will follow shortly after. According to Fagel, the SEC's internal review phase is a routine legal step.
The clarification came in response to social media users who expressed frustration over the case's perceived stagnation. Fagel refuted those claims, stating that neither party is intentionally stalling. He reiterated that Ripple and the SEC are progressing toward resolution and that standard legal procedures are currently underway.
Also Read: Ethereum Gains Strength, Getting Closer to Major Hurdle
While legal proceedings unfold, XRP has shown strong upward momentum in recent weeks. The token has risen over 50% in 19 days, with a 29% weekly gain and more than 6% in the last 24 hours. At the time of writing, XRP trades near $2.93, slightly above a resistance level of $2.90. A clean break above $3 could set the stage for a run toward its all-time high.
Meanwhile, overall activity in the crypto markets has improved, with total market cap peaking past the $3.7 trillion mark. This rebound has helped XRP gain its fresh momentum. Market sentiment might further be shaped by the upcoming U.S. Crypto Week set to take place between July 14 and 17.
The representatives of the Congress will debate three significant legislative initiatives: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act. These acts seek to identify the categories of digital assets and the principles of stablecoins and restrict the use of digital currencies issued by central banks.
