Lawyer says Ripple and SEC may refuse to appeal before August 15. star-news.press/wp

As the deadline for the situation report approaches August 15, former SEC lawyer Mark Valge is still optimistic about a positive development in the XRP lawsuit. FAGEL believes that both Ripple and SEC are likely to drop their calls before the deadline.

XRP lawsuit on August 15 The deadline: a possible development in the future?

The XRP community is a speculation about potential development in the XRP suit, as the deadline for the case report on August 15. Although there is no official confirmation about the Ripple and the next step for SEC, Mark Fall is saying that the two parties may take refusal to appeal before August 15. X post Read,

I think this is the date of reporting their appeal. This does not mean that it is a difficult deadline that they must present their class papers, but I assume that they will try to do so before that.

Previously, when a potential settlement expectation rises on August 15, Mark Faljal explained the importance of history. He explained that August 15 coincides with the deadline for both parties to submit the case report, with no direct contact with the result of the case. FAGEL reinforced this point in a modern publication, saying that although the two parties may submit to dismiss their appeal before August 15, this does not mean that a settlement will be reached by that time.

Current procedural steps

After Judge Angia Torres denied the joint movement of the counseling ruling, the XRP community was eagerly awaiting Ripple and the following SEC movements in the lawsuit. CEO Brad Garlinghyus’ announcement about the refusal of Ripple’s appeal to optimism about a possible solution. However, Mark Vagil has reduced these expectations, noting that either parties have not officially submitted the separation papers. He added that it will take up to two months until the appeals are dropped.

Mark Vagil has excluded other possible reasons for delaying in the case of Ripple VS SEC, attributing the current situation to standard procedural steps. He pointed out that Ripple has already paid a penalty of $ 125 million in cash, and that it does not cause SEC or the judge. According to FAGEL, the process is revealed as expected, as the parties simply follow the usual protocols. He stated,

No one is holding the case. The judge is not (there is nothing for her to decide), and not the Supreme Education Council (who has a record procedure to follow up, and will refuse to appeal as soon as the vote is made, a process that usually takes 1-2 months).

While the exact schedule for the settlement of the case is not certain, FAGEL visions indicate that the issue is advancing as expected, with standard procedural steps. With both parties refusing to resume them, the settlement becomes increasingly possible.

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NYNU V Jamal is a great journalist in Coingape. It is proud of more than 3 years of experience in writing content, with experience in Crypto and Blockchain. It has contributed to platforms such as Comeption and Cryptotale, which indicates its efficiency in the movement of dynamic encryption. In addition to its press endeavors, NYNU is a literary enthusiastic, as she worked as an assistant professor in English and literature. She is a master’s degree holder in English literature and UGC net qualifiers. Her academic background enabled her to publish research papers on literature, while caring for her creative aspect as a published poet. Its creative side extends to music, crafts and art, which she actively explores. Its unique mixture of analytical and creative skills allows it to formulate attractive stories that capture the masses. Stay up update with Nynu on LinkedIn

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