SEC Delays Appeal Withdrawal In Ripple Lawsuit, | XRP News
The Ripple vs. SEC lawsuit seems to be nearing its ultimate phases, however the path isn’t but clear. Although Ripple formally withdrew its cross-appeal in June and fulfilled its $125 million penalty obligation, the SEC has but to do the identical.
This case has dwelled long within the minds of the members of the XRP neighborhood, and most not too long ago, pro-XRP lawyer Bill Morgan commented that whereas there may be technically no onerous deadline for the SEC to withdraw, a key date is now fast approaching.
No Deadline, But the Clock Is Ticking
According to pro-XRP lawyer Bill Morgan, August 15, 2025, serves as a procedural checkpoint for each Ripple and the SEC on their legal standoff. This is as a result of they’re required to submit a joint standing report to the appellate courtroom on that date, successfully making it the second when the SEC might be anticipated to show its hand.
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Although the regulatory company is beneath no legal obligation to dismiss its appeal by then, the deadline is a set off for motion, or on the very least, a formal replace. He wrote that “the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline… although it may just ask for more time.”
This delay has left the XRP neighborhood in a holding sample since October 2024, when the SEC filed a discover of appeal on Judge Torres’ ruling. The main consensus is that the SEC would observe Ripple’s lead of dropping its cross-appeal.
What Happens If The SEC Withdraws Or Doesn’t?
The longer the SEC stays silent, the more uncertainty clouds the trail ahead, regardless of growing consensus that Judge Torres’s ruling in July 2023, which declared XRP not a security in secondary market trading to retailers, ought to now be finalized. The appeal has basically allowed the case to pull on for 2 more years.
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If the SEC withdraws its appeal within the coming days, that motion will cement the May 2023 ruling as ultimate. This wouldn’t solely finish the multi-year legal battle but in addition unlock a number of long-awaited market developments.
As famous by crypto commentator Vincent Van Code, over 1,700 firms tied to Ripple by NDAs could lastly reveal partnerships and initiatives constructed on the XRP Ledger. Furthermore, legal readability would additionally pave the way in which for institutional-grade merchandise like Spot XRP ETFs ready for approval, which in flip would trigger a fast increase within the price of XRP.
However, if the SEC requests more time on or round August 15, it may delay this subsequent section of XRP’s growth and proceed to keep XRP’s regulatory standing in limbo. Although such a transfer wouldn’t reverse any legal victories Ripple has secured, it will extend the uncertainty that’s restraining confidence amongst buyers.
Featured image from iStock, chart from Tradingview.com
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