As the US SEC gears up for its first meeting under acting chair Mark Uyeda, there are growing speculations in the crypto community about an imminent Ripple SEC case settlement.
However, in a recent X post, former securities lawyer Marc Fagel dismissed the settlement rumors, warning that those expecting a quick resolution will likely be let down. Notably, according to the former SEC attorney, the Ripple SEC case settlement is likely to happen after Paul Atkin’s appointment as the 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
Earlier, FOX Business journalist Eleanor Terrett had shared that the SEC will hold its first closed meeting since MarkUyeda took over as acting chair on Thursday. To this Marc Fagel respond that 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,” he noted.
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
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