Ex-SEC Director: It’s Reasonable for Judge Torres to Lock Ripple’s XRP Escrow Permanently

Growing support for the permanent locking of Ripple’s escrow accounts according to the ongoing SEC v. Ripple case has been backed up by Marc Fagel, the former regional director of the SEC’s San Francisco office. Fagel recently engaged with a Twitter conversation brought on by XRP community member, Jack ‘O. Through the thread of tweets inlcuding Attorney Jeremy Hogan, Jack ‘O stated he believes that the finest ruling for the case would be a fine towards Ripple for initially distributing XRP as a security and settling the majority of the XRP within Ripple’s escrow accounts over to the SEC with secure permanance. His suggestion was that all circulating XRP be recognized as a commodity in the long run down the line. Fagel responded in agreement