{"id":85665,"date":"2025-08-01T15:00:23","date_gmt":"2025-08-01T15:00:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85665"},"modified":"2025-08-01T15:00:23","modified_gmt":"2025-08-01T15:00:23","slug":"sec-delays-appeal-withdrawal-in-ripple-lawsuit-pro-xrp-lawyer-says-expect-to-hear-something-in-this-timeframe","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85665","title":{"rendered":"SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe"},"content":{"rendered":"

The Ripple vs. SEC lawsuit appears to be nearing its final stages<\/a>, but the path is not yet clear. Although Ripple officially withdrew its cross-appeal in June and fulfilled its $125 million penalty obligation, the SEC has yet to do the same.\u00a0<\/p>\n

This case has dwelled long in the minds of the members of the XRP community, and most recently, pro-XRP attorney Bill Morgan commented that while there is technically no hard deadline for the SEC to withdraw, a key date is now fast approaching.<\/p>\n

No Deadline, But the Clock Is Ticking<\/h2>\n

According to pro-XRP lawyer Bill Morgan<\/a>, August 15, 2025, serves as a procedural checkpoint for both Ripple and the SEC on their legal standoff. This is because they are required to submit a joint status report to the appellate court on that date, effectively making it the moment when the SEC will be expected to show its hand.\u00a0<\/p>\n

Although the regulatory agency is under no legal obligation to dismiss its appeal by then, the deadline is a trigger for action, or at the very least, a formal update. He wrote that \u201cthe SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline\u2026 although it may just ask for more time.\u201d<\/p>\n

This delay has left the XRP community in a holding pattern since October 2024, when the SEC filed a notice of appeal on Judge Torres\u2019 ruling. The major consensus is that the SEC would follow Ripple\u2019s lead of dropping its cross-appeal.\u00a0<\/p>\n

What Happens If The SEC Withdraws Or Doesn\u2019t?<\/h2>\n

The longer the SEC remains silent, the more uncertainty clouds the path forward, despite growing consensus that Judge Torres\u2019s ruling in July 2023<\/a>, which declared XRP not a security in secondary market trading to retailers, should now be finalized. The appeal has essentially allowed the case to drag on for two more years.<\/p>\n

If the SEC withdraws its appeal in the coming days, that action will cement the May 2023 ruling as final. This would not only end the multi-year legal battle but also unlock several long-awaited market developments.\u00a0<\/p>\n

As noted by<\/a> crypto commentator Vincent Van Code, over 1,700 companies tied to Ripple through NDAs may finally reveal partnerships and projects built on the XRP Ledger<\/a>. Furthermore, legal clarity would also pave the way for institutional-grade products like Spot XRP ETFs waiting for approval,<\/a> which in turn would cause a rapid increase in the price of XRP.<\/p>\n

However, if the SEC requests more time on or around August 15, it could delay this next phase of XRP\u2019s growth and continue to keep XRP\u2019s regulatory status in limbo. Although such a move wouldn\u2019t reverse any legal victories Ripple has secured, it would prolong the uncertainty that is restraining confidence among investors.<\/p>","protected":false},"excerpt":{"rendered":"

The Ripple vs. SEC lawsuit appears to be nearing its final stages, but the path is not yet clear. Although Ripple officially withdrew its cross-appeal in June and fulfilled its $125 million penalty obligation, the SEC has yet to do the same.\u00a0 This case has dwelled long in the minds of the members of the […]<\/p>\n","protected":false},"author":0,"featured_media":85666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85665"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85665"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85666"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}