XRP Crypto Founder Company, Ripple Obtains Payment Principle License in Singapore

The long-running legal battle between XRP crypto owner Ripple Labs Inc and the US Securities and Exchange Commission (SEC) will reach a decisive point in the coming days. This was expressed by an industry veteran.

Reporting from Yahoo Finance, Tuesday (20/6/2023), a former attorney who served as regional director of the SEC in San Francisco, Marc Fagel shared his insights into the case, indicating a decision will be made soon.

Fagel’s comments came in response to a tweet from members of the XRP community, who expressed concern over the possibility of the SEC dropping his lawsuit before a summary decision, potentially undermining the presiding judge’s authority.

The tweet suggested a delay in the verdict could strengthen the argument that the judge’s decision was influenced by public reaction and would create further confusion, leading to speculation of a deliberate push of greater uncertainty.

The former lawyer tried to avoid speculation but thought a verdict could be expected within days.

He stated the delay in the case was most likely due to its complexity and was not an indication of an ulterior motive.

The former lawyer tried to avoid speculation but thought a verdict could be expected within days.

He stated the delay in the case was most likely due to its complexity and was not an indication of an ulterior motive.