- Legal delays attributed to SEC procedures per expert insights.
- XRP market shows volatility amid ongoing case.
- No official settlement or appeal withdrawal announced yet.
The delay in the Ripple vs SEC case highlights the persistence of regulatory procedures impacting the legal resolution, causing fluctuations in the XRP market.
Case Background
The legal case between Ripple Labs and the SEC remains unresolved, with internal SEC procedures cited as the main reason for the delay. Marc Fagel, a former SEC Director, emphasized the absence of secret negotiations.
Ripple, led by CEO Brad Garlinghouse, maintains that XRP is not a security. An ongoing $125 million settlement remains in escrow pending a formal case resolution.
Market Impact
The ongoing legal battle affects market specificities of XRP, with visible volatility. Community anticipation is widespread, although key Ripple projects remain uninterrupted.
Financial implications stem from the potential $125 million settlement. SEC’s delay influences speculative market engagement with Ripple’s XRP.
Broader Crypto Implications
No direct impact is noted on other cryptocurrencies such as ETH or BTC. The issues remain exclusive to Ripple’s legal framework.
The procedural hold-up parallels previous SEC actions with other crypto entities, suggesting a standard regulatory process that may guide future outcomes.
Marc Fagel, Former SEC Regional Director, “There’s no indication of a settlement or negotiations in the lawsuit process. The current delay mostly stems from the prolongation of internal procedures.”
