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SEC’s Silence on Ripple Sparks Outrage Among XRP Holders Worldwide

SEC’s Silence on Ripple Sparks Outrage Among XRP Holders Worldwide

  • XRP community demands answers as SEC delays Ripple case closure.
  • SEC silence fuels frustration among Ripple supporters seeking clarity.
  • Experts defend SEC process while XRP holders push for transparency.

Frustration is intensifying within the XRP community as the U.S. Securities and Exchange Commission remains silent on officially closing its case against Ripple. Recent exchanges on X (formerly Twitter) have captured the growing tension, with XRP holders publicly demanding transparency and finality.


This sentiment has rung across many investors, as evident in one of the widely shared, viral posts by one user, Simonpilot. Addressing Ripple’s Chief Legal Officer, Stuart Alderoty, he wrote, “The SEC’s inaction on Ripple’s case is baffling. They promised resolution, yet the litigation lingers, and now an appeal looms. Why hasn’t the SEC upheld its end of the bargain?”


He added that it is time for Ripple and its community to enjoy closure after years of legal uncertainty.


Also Read: Most People Will Miss The XRP Run to $100 Because of This Mistake: Pundit


The controversy reignited after Ripple announced its decision to withdraw its appeal, signaling what many assumed would be the end of the legal battle. Simonpilot said that Ripple had also indicated that the SEC agreed to do the same.


He claimed that by the time procedures were supposedly done, it only remained to be established that the case was indeed over and done with by the SEC.


However, former SEC regional director Marc Fagel intervened to clarify that the process is not yet complete. He emphatically said the assumption that the processes were over was utterly wrong.


In reply to the requests for insight, Fagel responded that the SEC enforcement staff would have to initially propose the withdrawal of the appeal, which in turn has to be approved by the agency’s commissioners.



XRP Community Clashes With SEC Expert Over Timeline

In response to the mounting pressure, Fagel further detailed the standard procedure involved. He said, “Once the SEC enforcement staff decided to drop its appeal, presumably in the days after the court’s 6/26 order… it sent a recommendation to the commissioners for approval. This is a standard process that can take 1–2 months.”


Nevertheless, users such as Simonpilot maintain that there is no need to insist on this delay. In his post, he was still not satisfied and directly questioned Fagel, opposing him to provide more facts. Overall, the SEC had already done its job weeks earlier.


The disagreement has highlighted the communication gap between regulators and the crypto community. XRP owners are not only awaiting answers but are also insisting on a schedule to close the case.


Since Ripple moves aside in terms of further litigation, there has been a reaction to the closing of the case to the SEC in terms of not confirming that the case is closed. XRP holders are now demanding the commission to give an account and a formal solution, with the frontiers being the vocal campaigns on X.


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