Policy & Regulation

Marc Fagel Dismisses Ripple SEC Settlement Rumors Ahead of SEC Meeting

Published

8 months ago

January 23, 2025

Because the US SEC prepares for its first assembly underneath appearing chairman Mark Uyeda, there’s rising hypothesis within the crypto neighborhood about an impending settlement of the Ripple SEC case.

Nevertheless, in a current X-post, former securities legal professional Marc Fagel dismissed the settlement rumors and warned that these anticipating a fast decision will possible be let down. In accordance with the previous SEC lawyer, the Ripple SEC case will possible be settled following the appointment of Paul Atkin as SEC chairman.

Perhaps sooner or later (though it is extra prone to occur after Atkins’ appointment as chairman). However not throughout this week’s assembly.

— Marc Fagel (@Marc_Fagel) January 21, 2025

Beforehand, FOX Enterprise journalist Eleanor Terrett shared that the SEC will maintain its first closed-door assembly since MarkUyeda took over as appearing chairman on Thursday. To this, Marc Fagel responds that this is identical assembly they maintain nearly each week. They’ll vote on the suggestions deliberate weeks in the past. “These anticipating one thing monumental to occur will likely be disenchanted,” he famous.

This is identical assembly they maintain nearly each week. They’ll vote on the suggestions deliberate weeks in the past. These anticipating one thing monumental to occur are about to be disenchanted.

— Marc Fagel (@Marc_Fagel) January 21, 2025

READ XRP News Today, Will SEC Vote to Dismiss in July 3 Meeting?