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Key Takeaways:
- Judge Analisa Torres currently lacks jurisdiction due to ongoing appeals from both Ripple and the SEC.
- Former SEC lawyer Marc Fagel clarified that remedies will take effect automatically once appeals are dropped.
- Speculation about a 2026 resolution is unfounded, and the case could wrap up sooner if no further complications arise.
The high-profile lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reignited debate as delays persist, leaving the crypto community increasingly frustrated. Although many experts believed the case was approaching its conclusion, recent discussions online suggest more confusion and complications remain.
Social media users on X (formerly Twitter) are voicing dissatisfaction with the pace of the proceedings. Some have directly criticized Judge Analisa Torres, accusing her of dragging her feet on issuing a final decision. However, legal experts say the situation is more complex than it seems.
Former SEC Lawyer: Judge Has No Jurisdiction Right Now
In response to the backlash, Marc Fagel, a former regional director at the SEC, clarified the current status of the case. According to Fagel, Judge Torres no longer has jurisdiction since both Ripple and the SEC have filed appeals. “She doesn’t even have jurisdiction at this point,” he stated, emphasizing that the matter now lies with the appellate court.
He also explained that once both parties formally withdraw their appeals—something both sides appear poised to do—the remedies previously ordered by Judge Torres, such as financial penalties against Ripple, will be enforced automatically without further court action.
Could the Ripple Lawsuit Drag Into 2026?
Speculation is now swirling about whether the Ripple-SEC case could extend into 2026, especially in light of potential changes in crypto regulation. However, Fagel downplayed this possibility, suggesting that the case is more likely to conclude well before then. Even if new laws are introduced, he said they won’t retroactively affect the court’s ruling that Ripple broke securities laws at the time.
Also Read: Ripple vs. SEC: Experts Clash Over XRP’s Future and “Staged Lawsuit” Claims
Fagel also responded to questions about the SEC’s silence on the matter. He noted that the Commission typically takes 1–2 months to authorize actions after a court ruling, and it has only been a few weeks since the district court’s most recent decision.
Delay Is Procedural, Not Personal
Despite the frustration felt across the XRP community, legal experts are urging patience. The delays are a result of procedural rules—particularly the appeal process—not judicial inaction or bias. Once appeals are officially dropped, Ripple can expect the final penalties to take effect promptly.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
