One former SEC director, despite his care for speculation, believes that the final verdict in the case between Ripple and the US Securities and Exchange Commission will come within the next few days.
The time for a verdict in the XRP case has arrived
On Tuesday, June 15, Marc Fagel, a former SEC regional director, shocked the cryptocurrency world with his bold predictions about the epic clash between Ripple and the Securities and Exchange Commission. In an interview on Twitter, he stated that a verdict ending the long-running court battle would soon be announced.
These revelations by Fagel have not gone unheeded. Mr. Huber, an intrepid cryptocurrency investigator and respected influencer in the XRP community, drew attention to the delay in the verdict. He cited the argument that further delay in Judge Torres’ decision could be the result of public pressure on the judiciary.
It should not be forgotten that every day that passes is crucial for the defense. The court’s classification of Hinman’s emails could turn the situation in favor of Ripple Labs Inc. – stressed Huber.
Final countdown
Amidst the heated debate, Mr. Huber decided to engage several renowned lawyers, including John Deaton, Jeremy Hogan and Fagel himself, to share their insights. In response to the discussion, Fagel expressed his approach to avoiding speculation, but did not fail to emphasize that he expects a decision to be issued quickly in the heated market case.
“I try to refrain from speculation, but I think a decision will be announced within a few days,” – Fagel said.
He also stressed that even if the verdict is delayed, there is no indication to suggest that this is due to ulterior motives, beyond the sheer complexity of the case.
Moreover, Fagel pointed out that the Ripple Labs case has “fundamentally different” characteristics from other SEC-related legal battles.
Hinman’s documents are irrelevant
On June 14, 2023, Fagel joined Deaton and Hogan for a live broadcast of the CryptoLaw program, where the recently disclosed Hinman emails were discussed.
In this context, Fagel stressed that the emails do not carry any significant sensationalism and will not materially affect the SEC’s lawsuit against Ripple.
“There is no real sensationalism here in terms of the substance of the case. That’s the bottom line.” – Fagel said.
It is worth noting that Hogan, who is also a participant in the program, expressed a similar position.
