XRP Lawsuit End Expected in 2 Months Says Former SEC Lawyer

The long-running legal battle between Ripple and the Securities and Exchange Commission may finally reach its conclusion within the next two months, according to former SEC lawyer Marc Fagel. His prediction comes as speculation mounts about the SEC's potential dismissal of their appeal in the XRP lawsuit.

SEC Appeal Dismissal Timeline Revealed

Marc Fagel, a seasoned securities lawyer with extensive SEC experience, recently shared insights about the expected timeline for the SEC's appeal withdrawal. According to Fagel's analysis, the process follows a standard procedure requiring the SEC to vote on the dismissal.

The former SEC attorney explains that the Commission's voting process on enforcement recommendations typically takes one to two months. However, he notes that an expedited timeline is possible since the SEC has previously voted to dismiss the appeal in the context of a settlement agreement.

Fagel emphasized that this subsequent vote would be more perfunctory in nature, potentially accelerating the process compared to initial enforcement decisions.

July SEC Meeting Speculation Debunked

Recent speculation about the impact of the July 10 SEC meeting on the Ripple lawsuit has been dismissed by legal experts. Fagel clarified that the closed-door meeting represents a routine weekly session rather than a special proceeding related to the XRP case.

Similar rumors emerged when the SEC scheduled a closed-door meeting on July 3, sparking widespread speculation about dropping the appeal. However, Fagel confirmed that these meetings occur nearly every Thursday and their confidential agendas rarely relate to specific high-profile cases.

The lawyer stated that while it's conceivable the XRP lawsuit could be discussed, it remains highly unlikely given the routine nature of these sessions.

Current Status of Both Appeals

Despite public announcements, neither party has officially dropped their appeals through proper legal channels. On June 28, Ripple CEO Brad Garlinghouse announced that the company was dropping its counter-appeal against the SEC, stating the company wanted to close this chapter and focus on building the Internet of Value.

However, Fagel notes that Ripple hasn't officially filed to dismiss its appeal despite Garlinghouse's public statement. The legal expert explains that both parties must follow standard procedures, which typically take several weeks or more to complete.

Joint Appeal Dismissal Expected

Legal experts anticipate that both Ripple and the SEC will jointly drop their appeals once the proper procedures are completed. Fagel suggests that once the SEC approves the dismissal internally, they will promptly file dismissal papers, likely in coordination with Ripple.

This joint approach would effectively end the litigation phase of the case and bring closure to one of the cryptocurrency industry's most significant legal battles.

Expert Confidence in Resolution Timeline

While the exact timeline for the Ripple versus SEC case settlement remains unclear, legal experts like Marc Fagel maintain confidence that the resolution won't extend beyond two months. This prediction is based on the procedural requirements and the apparent willingness of both parties to conclude the litigation.

The former SEC lawyer's insights carry significant weight given his extensive experience with Commission procedures and enforcement actions. His timeline predictions provide the XRP community and broader cryptocurrency market with realistic expectations for case resolution.

Implications for XRP and Cryptocurrency Market

The conclusion of the XRP lawsuit will have far-reaching implications for the cryptocurrency industry. The case has served as a precedent-setting battle regarding the regulatory classification of digital assets and the SEC's enforcement approach.

A resolution would provide clarity for XRP holders and potentially influence how other cryptocurrency projects approach regulatory compliance. The outcome may also impact the broader digital asset market's regulatory landscape.

What Happens Next

Market participants and legal observers continue monitoring developments in the case. The standard SEC voting process and subsequent filing procedures represent the final administrative steps before case closure.

Both parties appear committed to resolving the matter, with Ripple's public statements and the SEC's apparent willingness to dismiss the appeal suggesting a mutually acceptable conclusion is imminent.

The cryptocurrency community awaits official filings that will formally end this landmark legal battle and provide regulatory clarity for the digital asset industry.