Judge Torres To Rule On Joint Motion In Ripple Lawsuit At Any Time

The latest development in the Ripple lawsuit has sparked rumors of a potential delay in Judge Torres’ decision until August 15, leaving the XRP community on high alert. However, Marc Fagel, a former SEC lawyer, has countered these speculations, emphasizing that the case timeline remains uncertain and that Judge Torres’ ruling could arrive at any moment.

No Fixed Deadline for Ripple Lawsuit Ruling, Says Marc Fagel

Addressing speculation about a potential delay in the Ripple lawsuit ruling, Marc Fagel clarified in an X post, “The SEC case is NOT delayed until August 15.” As both Ripple and the SEC await Judge Analisa Torres’ decision on their joint motion for an indicative ruling, Fagel asserts that the ruling is anticipated at any moment, with no set timeline. He cited,

The SEC case is NOT delayed until August 15. The district court judge can rule on the motion pending before her in hours, days, or weeks (or months or years, for that matter, but it obviously won’t come to that).

Notably, these rumours and the former SEC lawyer’s statement come on the heels of the Ripple lawsuit’s latest update. After resubmitting a motion for an indicative ruling, Ripple and the SEC filed a status report asking the court to postpone the appeals process until August 15. As the SEC is expected to file another status report on August 15, this has led to speculation about Judge Torres’ potentially delayed decision.

In another X post, the Ex-SEC lawyer remarked that there is no delay on Judge Torres’ part. He noted that there is a motion pending before the court and that she will get to it soon enough. The lawyer added that it takes time to write an opinion and that the motion is largely unprecedented, indicating that this is the only reason why a decision might not come immediately.

Uncertainty Surrounds Ripple vs SEC Case

Further, Fagel shed light on the uncertainty surrounding the Ripple vs SEC case settlement. He stated that he couldn’t predict the case’s outcome, citing its unprecedented nature. He noted,

I can’t predict how the judge will rule. This is unprecedented–possibly the first time the SEC has changed administrations and sought to undue a court victory–and the court could go either way. If she denies the motion, Ripple will have to decide whether to continue its appeal.

Recently, XRP lawyer Bill Morgan revealed the delay tactics in the Ripple vs SEC case. Predicting that the case settlement is imminent within weeks if the judge approves their joint motion, he asserted, “Ripple is the source of the delay.” He posited that Ripple’s bid to dissolve the injunction is reportedly stalling settlement talks with the SEC.

Moreover, Fagel added that Judge Torres is likely to grant the motion to modify the remedies. He noted that if she didn’t, Ripple’s decision to continue the appeal would depend on the impact of the injunction on their business.