Ripple vs. SEC: The Legal Showdown Approaches a Conclusion
In an unfolding saga that has captured the attention of the financial world, the prolonged legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is potentially nearing its end. A mutual agreement to dismiss appeals could be on the horizon, possibly by mid-August. This development would mark a pivotal moment for Ripple and the broader XRP ecosystem.
Market analyst Vincent Van Code suggests that the resolution of this case could pave the way for long-awaited announcements from numerous companies that have maintained non-disclosure agreements (NDAs) with Ripple. Furthermore, the end of legal ambiguities might stimulate new XRP ETF applications by major financial institutions.
The Ripple vs. SEC Legal Battle: A Potential Conclusion
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On June 27, 2025, Ripple CEO Brad Garlinghouse revealed that Ripple had officially withdrawn its cross-appeal relating to the SEC’s decision on institutional XRP sales. It is anticipated that the SEC will reciprocate and retract its appeal, though no formal documents had been filed at the time of writing.
An essential procedural step looms on August 15, 2025, when both parties are required to submit a status report to the appellate court. Although this date is not a final deadline for concluding the case, legal authorities, including former SEC attorney Marc Fagel, assert it represents the latest opportunity for reporting progress.
Concluding the legal proceedings will unburden Ripple and its partners. According to Vincent Van Code, approximately 1,700 companies with NDAs may begin unveiling their collaborations with Ripple or activating systems built on XRPL and XRP. These entities have likely remained silent due to regulatory uncertainties but are expected to become vocal once the case is officially resolved.
The analyst also predicts that a surge in Spot XRP ETF applications could follow. With Bitcoin and Ethereum already benefiting from ETF products, XRP appears to be the next candidate if the lawsuit reaches a resolution. Large institutional investors, who have previously avoided XRP due to the legal standoff, might soon engage in XRP trading on major platforms utilizing Spot ETFs.
Anticipating August 15: The Next Steps
While not a court-mandated deadline, August 15 has emerged as a significant date in the Ripple vs. SEC timeline, primarily because both parties are expected to clarify their positions regarding the pending appeals. Should these filings indicate a mutual withdrawal, it would signal the official conclusion of legal proceedings, granting the regulatory clarity XRP investors have long sought.
Ripple has already withdrawn its cross-appeal, having allocated its $125 million penalty into a bank escrow and expressed its intention to move forward. The SEC has yet to retract its appeal, with legal experts like Bill Morgan emphasizing the absence of a formal deadline. Nevertheless, it is anticipated that the SEC will either act or disclose its intentions around August 15, or alternatively request additional time.
Should both parties abandon their appeals, the May 2023 ruling by Judge Torres would become permanent, establishing that XRP is not considered a security when exchanged on public markets.
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