As August 15, 2025, nears, the Ripple vs. SEC lawsuit appears to be approaching a significant procedural milestone that could lead to its closure.
A former SEC lawyer, Marc Fagel, has provided important updates indicating that neither Ripple nor the SEC has officially dropped their appeals yet, but both sides are expected to do so before or around this date. The August 15 deadline is not a final judgment day or settlement but a court-mandated deadline for a joint status report on the case's progress.
Ripple has already paid a $125 million penalty, placed in escrow and ready to transfer to the U.S. Treasury once the dismissal is finalized, showing its readiness to close its side of the case.
The SEC is undergoing internal enforcement procedures, including commissioner votes, to decide on dropping its appeal, a process that usually takes 1-2 months.
Neither party is stalling; the appeals dismissal is procedural and signals movement towards ending the litigation.
If both appeals are dropped, it would effectively remove major roadblocks, potentially ending the years-long dispute that began in December 2020 over whether XRP was sold as an unregistered security.
This procedural update is highly anticipated by the crypto community because ending the lawsuit could clear regulatory uncertainty around XRP, paving the way for broad institutional involvement.
While no filings have yet been made to drop appeals, all signs—including Ripple’s penalty payment and statements from the former SEC attorney—indicate that a joint appeal dismissal and case closure may occur shortly after or by August 15, marking a pivotal moment for Ripple, XRP holders, and crypto regulation at large.
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