XRP Settlement: SEC Meeting Rescheduled, But Former Lawyer Douses Hopes

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As the SEC rescheduled the closed meeting for July 25, the XRP community expects an imminent settlement in the case.
Former SEC securities lawyer Marc Fagel dismisses anticipation of the potential resolution.
Fagel posits that the case is less likely to settle, adding that settlement is not usually considered during a closed meeting.

A rescheduled closed meeting at the Securities and Exchange Commission (SEC) has ignited renewed hope within the XRP community for a potential settlement in the ongoing legal battle with Ripple Labs. However, former SEC securities lawyer Marc Fagel has tempered expectations, emphasizing a lack of concrete evidence to support such a development.

Further reiterating his view, Fagel stated that it is unlikely to bring resolution to a complicated case like Ripple’s at this point. He added that the settlement of a case is not usually considered during a closed meeting. Elaborating on the low possibility of the settlement, he cited:

“If the enforcement staff had negotiated a settlement with Ripple, they would have notified the court to prevent the issuance of the remedies ruling while awaiting SEC approval.”

The community has…

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