Yesterday, the Ripple vs dry affair saw speculation renewed after the meeting at camera of the dry. The posts on X suggested that the agency could soon abandon its call. A largely shared position said that it could be withdrawn today.
There was also a confusion that the case is still based on the court, and only Judge Torres can finalize a regulation. However, the former SEC lawyer Marc Fagel jumped to clarify that Judge Torres no longer has a role in the case.
Judge Torres no longer has a role in the case.
The legal expert shared that attended, there is nothing pending before judge Torres. She has already ruled on the issue, finding Ripple in violation of the securities law. She also issued a penalty of $ 125 million and prohibited the society with future violations.
With its complete decision, it is now up to dry and undulation to make or reject their calls. “The parties can abandon their calls, the date on which his order against Ripple comes into force. Judge Torres no longer has a role on this subject,” he said.
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The CEO of Ripple, Brad Garlinghouse, had recently announced the company’s intention to delete the call. However, Fagel noted that no official deposit had yet been made. But he expects the two parties to place their calls.
No chronology still defined
It was expected that the recent dry meeting on camera on July 3 could bring some updates to the case. However, Fagel explains that it was very unlikely because the meeting was part of the regular weekly schedule of the dry, and the agenda was probably fixed before the recent court decision.
According to Fagel, although the call process can take weeks or much more time, faster resolution could also occur. Since the SEC has already voted once to reject, the process can be accelerated, even if these approvals generally take time. There is a “deadline without delay,” he said.
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Faq
No, despite the undulation of the abandonment of his cross trick and the declarations of the CEO Brad Garlinghouse, the case is not officially completed. The former SEC lawyer, Marc Fagel, specifies that the SEC must still vote internally to reject his appeal, and the two parties must then file official documents. This process could take several weeks or more.
Yes, some analysts of the XRP project could reach around $ 22 by 2026 if its market capitalization reaches approximately 1.2 billion of dollars. This prediction is often based on scenarios where XRP gains a significant dominance of the market (for example, 40% in a crypto market of 3.24 billions of dollars) or is experiencing an increase of ten times compared to its current market capitalization due to generalized utility.
