A new legal insight from former SEC official Marc Fagel has sparked renewed attention in the XRP community, as the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to remain stalled due to internal procedural delays. According to Fagel, another vote from the SEC Commissioners may still be required before the final judgment can be approved. This revelation, shared by STEPH IS CRYPTO on X, comes amid rising investor anticipation for closure in the high-profile lawsuit. The Exchange That Raised the Alarm Attorney Bill Morgan, a vocal supporter of Ripple, recently engaged in a discussion with Marc Fagel, former regional director at the SEC. Morgan asked whether another Commission vote was necessary to finalize the settlement and dismiss the case. BREAKING: EX-SEC OFFICIAL FAGEL: “WE’RE PRESUMABLY STILL WAITING ON ANOTHER VOTE” IN #XRP CASE. ORIGINAL APPROVAL DIDN’T COVER INJUNCTION MODIFICATION. pic.twitter.com/fyaCl4NElp — STEPH IS CRYPTO (@Steph_iscrypto) August 6, 2025 Fagel responded that while there was a slim chance the original vote covered everything, including the modification of the existing injunction, the delay in court proceedings made it clear that this likely wasn’t the case. His conclusion: “We’re presumably still waiting on another vote.” STEPH IS CRYPTO brought this exchange to the forefront in a post that read: “Breaking: Ex-SEC official Fagel: ‘We’re presumably still waiting on another vote’ in XRP case. Original approval didn’t cover injunction modification.” This pointed statement has raised critical questions about what exactly is holding up the final steps in one of crypto’s most closely watched legal battles. Why Another SEC Vote Matters At the center of the delay is the issue of injunctive relief—a court-imposed order that restricts certain actions by Ripple. While the SEC and Ripple reached a settlement agreement in June 2025, Judge Analisa Torres rejected their jointly proposed motion , thus allowing for the appeal to continue. Under SEC procedures, any material change to an enforcement case—particularly involving injunctions—typically requires a formal vote from the five-member Commission. If the modification to the injunctive order wasn’t included in the original approval, a new vote must occur. Fagel’s remarks strongly suggest that this step hasn’t yet been taken. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Lingering Uncertainty Despite Partial Resolution The lawsuit, filed in December 2020, has already seen several major developments. In July 2023, Judge Torres ruled that XRP is not a security when sold on public exchanges, delivering a partial win to Ripple. However, the judge also found that Ripple’s past institutional sales did violate securities laws, and this portion of the case remained open for penalties. Following a failed resolution attempt, Ripple opted to drop its counter-appeal; the SEC appeals are also expected to be dropped, as indicated by Garlinghouse and other insiders. But the unresolved issue of the injunction continues to block a formal closure of the case. A Waiting Game for XRP Holders Until the SEC takes the necessary procedural step, presumably, another vote to drop its appeal, the case remains open. The XRP community, which has endured nearly five years of legal uncertainty, remains on edge. For now, all eyes are on the SEC. Whether a new vote happens soon will determine when, and if, the Ripple case can finally be put to rest. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ex-SEC Lawyer: “We’re Presumably Still Waiting On Another Vote” In XRP Case appeared first on Times Tabloid .
