The long -standing legal struggle between Ripple and the Securities and Exchange Commission (SEC) American is approaching its last chapter. The two parties drop their respective calls, attention has now turned to what comes next. However, a new complaint from a member of the XRP community suggests that the SEC will not make any official announcements on the case before August 7, raising questions about potential delay.
Does a regulation really occur?
Ripple’s legal leader Stuart Alderoty suggested that all the documents necessary for a regulation have already been prepared. The next step, however, lies in the hands of the SEC Commission, which should vote on the issue in the next 30 days.
Once this vote is over, the dry will move to raise the injunction imposed in Ripple. If Ripple is in accordance with the process, judge Analisa Torres will then register on the request, officially closing the case.
Will the dry remain silent until August 7?
Adding more fuel to speculation, an XRP supporter named Brett recently made a daring complaint on social networks. He said the SEC would make no official announcement on the trial before August 7, citing a legal document as a source.
His article quickly gained ground, some in the community considering it as an important development. However, not everyone has accepted. Many have pointed out that the document he had referenced came from last year, casting a doubt about his relevance for the current situation.
The former SEC lawyer, Marc Fagel, even rejected the complaint, calling him “stupid and bad”. This contradictory information left the XRP community divided on what to believe.
No official announcement of the dry
Although the dry and the ripple withdrew their calls, the agency has not yet made an official announcement, which has led to speculations according to which the case could already be settled. However, legal complexities could cause delay.
The journalist of Fox Business Eleanor Terrett suggested that the dry could wait to ask the Torres judge to withdraw the injunction – a step different from the way other cases have been treated.
For the moment, XRP holders are impatiently awaiting clarity, in the hope that the resolution of the trial will bring a regulatory certainty to Ripple and his token.
