Ripple Lawsuit: Former SEC Lawyer Warns Against Overly Optimistic Settlement Expectations

• Marc Fagel warns against excessive optimism over a potential Ripple settlement.
• Ripple CEO and CLO remain optimistic about a swift resolution.
• XRP trades at $0.598, reflecting a 7.53% weekly increase despite uncertainties.

Former Securities and Exchange Commission (SEC) lawyer Marc Fagel has urged caution among market participants regarding excessive optimism surrounding a potential settlement in the ongoing legal battle between the SEC and Ripple Labs.

The SEC recently rescheduled a closed meeting, sparking renewed hope within the XRP community for a potential settlement. However, Fagel has tempered expectations, citing a lack of concrete evidence to support such an outlook. 

The lawyer explained that resolving a complex case like Ripple’s is unlikely at this stage, especially during a closed meeting. He noted: 

“If the enforcement staff had negotiated a settlement with Ripple, they would have notified the court to prevent the issuance of the remedies ruling while awaiting SEC approval,”

The SEC’s case against Ripple, which began in 2020, entered the trial phase in April 2024. The XRP community eagerly anticipates the conclusion of this closely…

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