Jakarta, Pintu News – The case between Ripple and the United States Securities and Exchange Commission (SEC) has been a highlight for crypto enthusiasts. Many are wondering what caused the delay in the resolution of the case. However, according to Marc Fagel, a former SEC lawyer, the case is on schedule without any unexpected delays.
According to Marc Fagel, neither party is holding up the Ripple vs SEC case. Fagel, who has experience as a lawyer at the SEC, asserts that the legal process is progressing smoothly. He explained that cases of this nature take time to fulfill all the necessary legal procedures.
Fagel also added that there was no deliberate action on the part of the SEC to slow down the case. The process of dismissing a case usually takes one to two months after the vote. This is part of the standard procedure that must be followed in any similar legal case.
Although there have been speculations that Ripple has withdrawn its appeal against the SEC, Fagel clarified that there has been no such filing. He emphasized that both parties, Ripple and the SEC, are expected to withdraw their appeals, however, the official process may take another month or two.
Fagel emphasized that there was nothing more for the judge to decide in this case. Currently, the case is in the hands of both parties to withdraw their appeals, which is expected to happen soon. This suggests that the stage of the case is nearing its end.
On various occasions, Marc Fagel has provided clear explanations regarding the steps taken by the SEC in the Ripple (XRP) case. These explanations help the general public to understand the complex legal process and reduce any confusion that may exist.
Fagel also emphasized that there was no deliberate delay in handling this case. The legal process does take time and must follow all established procedures. This is important to ensure that all parties get a fair chance in the legal process.
The Ripple vs SEC case continues to capture the attention of the public and the crypto community. With the explanation from Marc Fagel, it is hoped that all parties involved will reach a resolution soon. This will bring further clarity to the crypto market and possibly set a legal precedent for similar cases in the future.
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