DecentBoy876
07/31 05:27
Ripple (XRP) Case: Ex-SEC Lawyer Makes Notable Poi
Ripple (XRP) Case: Ex-SEC Lawyer Makes Notable Point About August 15 Deadline
Former U.S. Securities and Exchange Commission (SEC) lawyer Marc Fagel has stated that both Ripple and the SEC are likely to dismiss their appeals in the ongoing XRP lawsuit before the upcoming August 15 deadline.
Fagel’s comments arrive amid increasing speculation surrounding this date, which marks the due date for a joint status report on the status of the appeals. While it does not serve as a legal cut-off point for filings, Fagel believes the parties may act before that time to finalize the process.
In a recent statement on X, Fagel clarified that August 15 is a reporting deadline and not a requirement for appeal dismissals to be filed by then. “I believe that’s the date for the parties to report on the status of their appeals. It doesn’t mean it’s a hard deadline by which they must file their dismissal papers, but I assume they will try to do so before then,” he wrote.
Dismissals Expected but Not Yet Filed
The XRP community has been closely monitoring developments following Ripple’s announcement regarding the dismissal of its appeal. CEO Brad Garlinghouse had earlier suggested that Ripple intended to drop its appeal, prompting speculation about a broader resolution. However, as of now, neither Ripple nor the SEC has submitted any formal documentation to dismiss their respective appeals.
Marc Fagel has indicated that this delay is procedural rather than strategic. In his view, the necessary steps for withdrawal are in progress but not immediate. He mentioned that once the required internal approvals are completed, particularly on the SEC’s side, dismissal filings will likely follow within the typical timeframe 
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