Ripple SEC Case: Ex-SEC Lawyer Says XRP Lawsuit Settlement Weeks Away

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Is the Ripple SEC Case Settlement Just Around the Corner? Spoiler: Probably Not! 😅

Ah, the crypto community, a delightful place where speculation runs rampant like a particularly enthusiastic chicken on a caffeine high. The latest buzz? A potential settlement in the Ripple SEC case, just in time for the US Securities and Exchange Commission (SEC) to hold its first meeting under the watchful eye of acting chair Mark Uyeda. But wait! Before you start popping the confetti, ex-Securities lawyer Marc Fagel has stepped in like a raincloud at a picnic, dousing those hopes with a hefty dose of reality.

According to our friendly neighborhood former SEC attorney, the much-anticipated Ripple SEC case settlement is likely to happen only after Paul Atkin takes the helm as SEC Chair. So, while everyone is glued to their screens for Thursday’s closed meeting, the chances of the XRP lawsuit wrapping up anytime soon are about as likely as finding a unicorn in your backyard.

Is Ripple SEC Case Settlement Imminent? Spoiler Alert: Nope!

In a recent post on X (formerly known as Twitter, because why not?), Marc Fagel dashed the dreams of many a hopeful crypto enthusiast. He pointed out that the upcoming meeting is just another one of those weekly gatherings where they vote on recommendations that have been gathering dust for weeks. He quipped,

This is the same meeting they hold nearly every week. They will vote on recommendations calendared weeks ago. Those expecting something monumental to happen are about to be disappointed.

So, if you were holding your breath for a settlement this week, it might be time to exhale and perhaps consider a nice cup of tea instead. Fagel further clarified that while the Trump administration might eventually help grease the wheels of resolution, that’s only after Paul Atkins takes charge. So, keep your fingers crossed, but maybe don’t hold your breath.

SEC’s First Closed Meeting with Acting Chair Mark Uyeda: The Plot Thickens!

injunctive actions, administrative proceedings, and the resolution of litigation claims. You know, light reading.

NEW: The @SECGov will hold its first closed meeting since @MarkUyedaUS took over as acting chair on Thursday.

On the agenda:

— Eleanor Terrett (@EleanorTerrett) January 21, 2025

Naturally, this potential closed meeting has sparked wild anticipations of a near-term settlement in the XRP lawsuit. Experts like MetaLawMan are buzzing about the SEC’s imminent release of the Inspector General’s report on Bill Hinman’s conflicts of interest. “I can’t think of any reason that simple act of transparency would need to wait for Paul Atkins’ arrival,” he mused, probably while sipping a cup of irony.

Mark Fagel Predicts a Possible 10-Month Delay in Ripple Case: Grab Your Popcorn! 🍿

Recently, Marc Fagel shed light on a possible delay in the Ripple SEC case settlement, much to the chagrin of the XRPArmy, who were riding high on optimism. Fagel’s statement that the lawsuit may conclude quickly or drag on for an eternity underscored the case’s uncertain outcome. It’s like waiting for a bus that may or may not arrive—bring a book!

Despite the ongoing debate, the community remains optimistic about the lawsuit’s settlement. However, how the closed meeting will impact Ripple vs SEC remains as clear as mud. So, stay tuned, folks! The saga continues! 🎭

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2025-01-22 17:34