Judge Analisa Torres No Longer Participates in the Ripple Case: SEC Expert Clarifies the Legal Situation

As speculative expectations circulate about future rulings by Judge Analisa Torres in the Ripple-SEC dispute, a former SEC legal expert has clarified the true status of the case. According to Marc Fagel, a lawyer who previously served at the SEC, Judge Torres has no pending involvement in the litigation, thus dispelling forecasts suggesting imminent decisions from the lower court.

The Market’s Misunderstanding Regarding XRP

Crypto analyst Steph Is Crypto recently published an analysis that sparked speculation within the digital asset community. In his statement, he suggested that Judge Torres’s “final approval” was near and that this could push the price of XRP up to the $5 dollars in the short term. This claim conveyed the idea that the judge still played a fundamental role in issuing a definitive ruling that would shape the future of the token.

However, such an interpretation suffers from a fundamental error regarding the current procedural status of the case. The circulation of forecasts like this reflects a persistent confusion about the legal phases of the litigation between Ripple and the U.S. regulatory authority.

Expert Legal Clarifications

Marc Fagel’s intervention was decisive in correcting the public record. The former SEC attorney emphasized directly: “Reminder: Judge Analisa Torres has nothing more to do in this case.” With this statement, Fagel indicated that any expectations of new rulings or final resolutions from the district court were a misinterpretation.

Fagel’s position is based on the procedural reality: the stage of Judge Torres’s involvement at the district level has concluded, and the case has moved to the appeals phase, where higher courts exercise review jurisdiction.

Recent Context of the Proceedings

Recently, on August 16, it was reported that the SEC submitted its status report to the U.S. Court of Appeals for the Second Circuit. The report stated that both Ripple and the SEC had jointly filed a Stipulation of Dismissal of their cross-appeals.

Legal analyst Bill Morgan commented that although this filing is mainly procedural, some interpreted the announcement as a prelude to a final order from Judge Analisa Torres. Morgan warned that such speculation stems from an imprecise reading of procedural timelines, generating unfounded expectations of imminent rulings from the lower court.

Current Phase and the Role of the Court of Appeals

With the submission of the Joint Stipulation, the responsibility for the procedure now lies with the Court of Appeals, which will formalize the dismissal of the appeals. Although a procedural administrative step remains pending, Judge Torres’s direct involvement in the case has definitively concluded.

This legal reality highlighted by Fagel starkly contrasts with market forecasts, emphasizing the importance of distinguishing between procedural stages and their real implications for asset prices like XRP.

Combating Misinformation in the Community

A user identified as Siebo expressed concern over the recurrent spread of inaccurate information. Siebo suggested that a sanctions mechanism should be implemented against accounts that repeatedly disseminate false data, such as temporary access suspensions, to mitigate the misinformation circulating in crypto spaces.

This concern highlights a structural challenge within the community: the difficulty of establishing filters to prevent the circulation of inaccurate narratives about legal procedures, narratives that often fuel speculative volatility and investment decisions based on incorrect premises.

Final Reflection

The exchange between Steph Is Crypto and Marc Fagel exemplifies a recurring tension in the cryptocurrency space: the contrast between speculative analysis linked to price projections and the rigor demanded by actual legal details. While market commentators frequently connect judicial movements with valuation forecasts, legal experts like Fagel emphasize the need for factual accuracy regarding procedural statuses.

The progress of the Ripple-SEC case toward its final phases, with Judge Analisa Torres no longer actively involved, now constitutes a consolidated reality that must be balanced against the short-term expectations generated by market speculation.