Ripple Lawsuit Update: Settlement Filed, But Four Crucial Steps Remain Before Victory

However, not everyone shares this optimism. Former SEC attorney Marc Fagel predicts that Judge Torres’ earlier ruling on Ripple’s institutional sales will likely be upheld by higher courts. He warned that if the judge rejects the settlement, it’s unclear whether the SEC would continue to defend the case on appeal. Some in the XRP community believe Judge Torres is likely to agree with the settlement, pointing to the evolving stance of U.S. regulators towards crypto and Ripple’s more robust legal position in appellate courts.