XRP Lawsuit Not Settled Yet, Says Former SEC Attorney
Marc Fagel says Ripple and the SEC’s case isn’t over. The court has asked for more explanation before approving any deal.
Crypto Laddin
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There’s rising speculation across the crypto world that the SEC may soon approve several spot XRP ETF applications. Major firms like Bitwise, Grayscale, Franklin Templeton, and 21Shares have all submitted filings, with key decision dates approaching fast.
The first major date is June 17, 2025, when the SEC is expected to decide on Franklin Templeton’s XRP spot ETF. Grayscale’s deadline passed on May 21, and Bitwise is awaiting a ruling on May 25. Any approval could send XRP prices soaring.
Meanwhile, rumors have surfaced suggesting that the long-running Ripple vs. SEC case has been quietly settled behind closed doors. But former SEC attorney Marc Fagel has cleared things up.
According to Fagel, while both parties may have reached an agreement, the case isn’t officially settled yet. He explained that the court has not approved the deal and wants additional arguments before changing any prior rulings. He posted on X:
“It’s not actually settled. The parties may have entered an agreement, but implementing the settlement requires court action. And the court indicated it would not simply do what the parties asked without further briefing.”
In short: the XRP ETF decisions and Ripple lawsuit are still hanging in the balance. The crypto community is watching closely, waiting for confirmed developments in the coming weeks.
