A popular crypto enthusiast has predicted that the Ripple and the US Securities and Exchange Commission (SEC) case could be settled by August 15.
Renowned lawyer Marc Fage has argued that these are mere speculations as the settlement could be reached earlier or later.
The long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs remains ongoing as securities lawyer Marc Fagel attributes the “delayed settlement” to procedural steps rather than negotiations.
According to Fagel, officials at the Commission have to draft enforcement recommendations, subject them to reviews, and schedule them for the Commissioners’ vote. Specifically, this process takes from 1 to 2 months. However, the date for actual settlement continues to be under speculation.
Speaking on the ongoing development, an outspoken enthusiast identified on X as Mark Paul predicted that the much-anticipated settlement has a 70-90% chance of getting finalized by August 15, 2
