The cryptocurrency community keeps watching the Ripple vs SEC lawsuit evolve for updates. Ripple and SEC legal proceedings gained momentum when the SEC’s recent personnel changes happened before their critical meetings started. As Marc Fagel – a former SEC lawyer – points out in his assessment the case may take longer to resolve than expected.
Ex-SEC Lawyer Addresses Settlement Rumors
Previous rumors of a settlement being close in the Ripple case did not match reality according to Marc Fagel a former SEC attorney in an X post. The SEC’s upcoming private session will not produce news about the Ripple case.
The agency conducts this regular weekly conference the same way just about every week. Fagel emphasized that the SEC would decide on old planned items during this meeting. According to Fagel, many people will realize after this meeting that they received no updates regarding the Ripple case. Fagel said the SEC cannot make a settlement decision until Paul Atkins starts as chair but added there will likely be a delay.
Closed Meeting Under Acting Chair Mark Uyeda
Mark Uyeda’s first meeting as SEC chair will take place next week. The upcoming SEC meeting will handle discussions on three specific areas including stopping illegal activities and handling administrative actions alongside court decisions.
The upcoming SEC meeting triggers crypto community predictions about future progress in the Ripple case. XRP supporters eagerly followed news from journalist Eleanor Terrett after she wrote about this meeting on X. The expert community thinks the upcoming meeting will not quickly solve the legal dispute.
Anticipation for the Crypto Task Force’s Role
During Mark Uyeda’s acting chairmanship at the SEC, he formed a specialized Crypto Task Force and named Commissioner Hester Peirce to lead it. The Crypto Task Force project aims to fix crypto rules for digital assets under Commissioner Hester Peirce’s leadership.
MetaLawMan and other experts predict the Inspector General’s findings about Bill Hinman will shape how Ripple’s legal battle is decided. The investigators think they can publish the report before Paul Atkins joins the commission.
Ongoing Debate Over Ripple Case Timeline
Ripple Legal Counsel still cannot predict when the SEC Lawsuit will be resolved. Despite the upbeat outlook from XRP supporters, there is a chance settlement could take 10 months according to Fagel’s predictions. His comments show how unpredictable these legal proceedings can be alongside the obstacles to achieving a settlement.
All crypto watchers are waiting to see what happens next after the secret SEC meeting with Ripple. Traders and investors follow case developments because they could impact how both crypto markets advance.
