Speculations on Ripple SEC Case Settlement Grow as US SEC Gears Up for Meeting
As the US SEC prepares for its first meeting under acting chair Mark Uyeda, there is a buzz in the crypto community about a potential Ripple SEC case settlement on the horizon.
However, former securities lawyer Marc Fagel recently poured cold water on the settlement rumors, cautioning that those hoping for a quick resolution may be in for disappointment. Fagel suggested that the Ripple SEC case settlement is more likely to occur after Paul Atkin assumes the role of SEC Chair.
At some point perhaps (though more likely to happen after Atkins’ appointment as Chair). But not at this week’s meeting.
— Marc Fagel (@Marc_Fagel) January 21, 2025
Prior to this, FOX Business journalist Eleanor Terrett had mentioned that the SEC would be convening its first closed meeting since Mark Uyeda assumed the role of acting chair on Thursday. Fagel pointed out that this is a routine meeting held almost every week, where the SEC votes on recommendations that were scheduled weeks in advance. He warned that those anticipating major developments at this meeting are likely to be disappointed.
This is the same meeting they hold nearly every week. They will vote on recommendations calendared weeks ago. Those expecting something monumental to happen are about to be disappointed.
— Marc Fagel (@Marc_Fagel) January 21, 2025