Marc Fagel, a lawyer of the former US Securities and Stock Exchange Commission (SEC), indicates that there may be a positive development before the delivery date of the situation report that will end on August 15 in relation to the XRP case. Fagel, Ripple 
$3.23 And he said he would probably withdraw his appeals before this date. The case between Ripple and SEC has been closely monitored in crypto money markets. The attitudes of the company and the regulatory institution in the case process aroused a wide repercussion in the XRP community.
New claims and expectations in the case
The latest developments in the case file may indicate the search for compromise. The XRP community is intensively speculation of how the case process will result and how a possible agreement will be shaped between the two sides. According to analysts, the possibility of the parties to withdraw appeal in the case is on the agenda.
Marc Fagel’s statements led to a hopeful expectation in the XRP community. Fagel’s assessment was that Ripple and SEC had increased the possibility of mutual agreement and not to extend the process further. It is thought that the appeal processes can prolong the duration of the case significantly and create uncertainty in the market. Crypto investors’ application – the reason will surprise you!
Community and market reactions
The XRP case continues to be closely monitored throughout the crypto currency market. Possible decisions of Ripple and SEC may be effective not only on the XRP price, but also on other digital assets and the entire ecosystem. In the case, it is suggested that if any reconciliation or renunciation is taken from the appeal, this situation can create a positive atmosphere in the crypto market.
The statements of the institutions and companies that are party to the case are carefully monitored during the process. In particular, official statements made by Ripple and SEC representatives play an important role in shaping the public opinion of the case. However, at the current stage, it is not known whether a clear result has been achieved.
Marc Fagel: “It seems likely that both sides will leave their appeal applications before August 15th.”
While uncertainty continues in the XRP community, developments are expected to have an impact on general trends in the crypto currency world. The result of the case may also be decisive in terms of regulatory frameworks and operating strategies of companies for the sector.
Future expectations and legal process
If the end of the lawsuit process or the parties waive the appeal, the future steps of districts and US financial regulators will also be closely monitored. The agreement between Ripple and SEC may constitute an exemplary case in shaping regulations for digital assets in the USA. So far, different evaluations have come up during the trial process and this has led to fluctuations in the market.
In the XRP case, the approach of the Delivery date of the August 15 status report is seen as an important turning point especially by investors and market analysts. Explanations and possible decisions to be made can give clues about the future of the sector.
In the case between Ripple and SEC, explanations from experts that appeal applications can be withdrawn before August 15th. This possible development can contribute to the reduction of uncertainties in the crypto currency market. In addition, the solution of the process can have a precedent effect on the legal framework of similar cases and crypto assets. Investors and stakeholders in the sector continue to closely follow the results of the case and are curiously waiting for the decisions to be made on the markets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
