SEC’s Dance of Delay: XRP’s Waiting Game Gets Worse

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Ah, the grand ballet of bureaucracy, where the SEC pirouettes through its own red tape, leaving poor XRP twirling in the dust. In a series of tweets that were about as clear as mud, Fagel clarified that the delay isn’t due to some clandestine negotiations—oh no, it’s just the SEC’s internal processes doing the tango.

Imagine, if you will, the SEC drafting action memos, conducting internal reviews, and scheduling commissioner votes. It’s like watching paint dry, but with more paperwork. Fagel, with a straight face, assures us that neither the judge nor the SEC is deliberately dragging their feet. “Nobody is holding up the case,” he says, as if that makes it any less frustrating.

The latest drama unfolds after a July 17 closed-door meeting that promised a breakthrough but delivered nothing but disappointment. Some XRP holders were fooled into thinking a resolution was nigh, but Fagel, with all the charm of a wet blanket, explained that SEC enforcement votes can take weeks to be calendared. 😒

He also dropped a little gem: the SEC’s weekly closed-door sessions are as routine as a cup of tea. Meanwhile, Ripple has already forked over its $125 million penalty in cold, hard cash—not XRP. But don’t get your hopes up, dear XRP holders, because the case isn’t over until the fat lady sings—and she’s still warming up.

Despite Fagel’s calm demeanor, the XRP community is on the edge of their seats, desperate for closure. But if his assessment is correct, we might be in for a few more weeks of this delightful dance of delay. 💃🕺

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2025-07-19 19:44