Every day, the Ripple vs. affair. Dry continues to dominate conversations on crypto twitter, not because of the confirmed updates, but because of a constant flow of rumors, speculation and false news. While the real legal process moves at a careful and measured pace, social media transformed the case into a battlefield of predictions and pious wishes.
The last rumor: a colony by August 15?
The last rumor claims that there are 70 to 90% of settlement between Ripple and the SEC by August 15, 2025. The supporters believe that the previous decisions of judge Anala Torres make it difficult for the dry to move forward. According to this version of the events, the only thing that remains is the final state report of the dry.
Understand the real process behind a dismissal
The former dry lawyer Marc Fagel, intervened to clean the air and explained how things really work behind the scenes of the dry.
After Judge Torres’ decision on June 26, the SEC needs time to prepare a recommendation for application. According to Fagel, this process generally takes 1 to 2 months. Once ready, this recommendation is sent to the SEC commissioners, who must vote before any action, as rejecting the case, can be taken.
He also clarified an important detail: the rejection of a pending case requires a vote of the commissioner, but the closure of an investigation which has not led to a case filed no.
No deadlines, just status updates
There is no strict deadline for Ripple or the dry to reject their calls. However, the two parties are required to file an update of status with the court by August 15. If they agree to set up or end the calls, they will publicly file dismissal documents. The dry could also publish a public announcement, but it is not guaranteed.
When will it happen? It’s just just speculation
As for the time when the dismissal or the rules really occur? Fagel says clearly: “It’s all speculation.” It could happen in the coming weeks or take more time. It completely depends on the speed at which the internal dry process moves.
He stressed that the Ripple case is no unusual delay. There is no conspiracy, no concealment and nothing of the ordinary outing.
