Attorney Mark Fagel says the Ripple vs. SEC settlement this weekend is unlikely due to the SEC’s internal review process and no pending moves.
Judge Torres currently has no jurisdiction. The SEC has not filed to dismiss the appeal and cannot make a prompt judgment or settlement prior to July 14th.
The XRP community is dominant as rumors are spreading about a possible Ripple vs. SEC settlement by July 14th. But well-known lawyer Mark Fargel says it’s too early to expect anything and that this weekend’s deal is unlikely.
The community is feeling uneasy, especially as the SEC has said nothing after Ripple’s termination request. The recent SEC closure meeting has been a hit, but lawyers say there is no reason to believe that the weekend resolution is coming.
Why is there so unlikely a weekend XRP settlement?
It’s not a weekend. Voting on enforcement recommendations usually takes a month or two, so people need to cool down. There is a process.
-Marc Fagel (@marc_fagel) July 12, 2025
Fagel used X to directly address rumors that Judge Annalisa Torres could have ruled this weekend or approved a settlement. He dismissed the idea and noted that enforcement recommendations usually take a month or two to have an SEC review and formal voting. “It’s not the weekend, they don’t,” replied Fagel. “There’s a process.”
He made it clear that no settlement or decision from the court would occur any time soon, not to mention the weekend. Fagel emphasized that Judge Torres currently has no jurisdiction over Ripples cases, and supported previous comments by legal expert James K. Phillan.
Fagel has once again confirmed that the SEC has not yet filed to dismiss the appeal. Now that the appeal window has closed, the ball is in the SEC court. The agency must vote internally and both parties must request that the cases be officially withdrawn. This step-by-step process makes quick weekend payments highly unlikely.
What did the speculation on July 14th?
The July 14th date became a hot topic after surmising that Ripple was originally intended to close the lawsuit in March, and possibly coinciding with an update to ISO 20022. However, according to Fagel, there is no evidence to support a pre-determined settlement related to that timeline. He also reiterated that recent case development is unrelated to external standards like ISO.
- Read again:
- XRP price forecast for July 12th
- ,
Jensler isn’t involved, says Fagel.
In a follow-up to another claim, Fagel dismissed the relationship between former SEC chairman Gary Gensler and his decision to pursue a ripple lawsuit. “This decision had nothing to do with Gensler,” he said. He repeated that the incident began in 2020 before Gensler took office. He went on to argue that if an investor suffers a loss, Ripple should be liable for allegedly selling unregistered securities, not SEC.
With Judge Torres being out of the picture for now and internal SEC proceedings still underway, it appears highly unlikely that a ruling or settlement before July 14th.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
