The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is once again making noise. As the community waits for the next move, confusion and speculation are spreading fast across social media. Is this the final chapter, or will there be yet another delay?
To bring clarity to the situation, attorney Bill Morgan shared an update on X (formerly Twitter). According to him, both Ripple and the SEC are at the final stage of the appeals process. All that remains is for the SEC commissioners to vote on dropping their appeal, and for both sides to formally dismiss their respective appeals.
What’s the Hold-Up?
Ripple had already announced its intention to dismiss its appeal, and both sides had previously signed a conditional settlement agreement. This agreement stated that both parties would dismiss their appeals—but only if certain conditions were met. Unfortunately, those conditions were not satisfied, so the appeals still legally stand.
Until these appeals are officially dismissed, they are both still active. That means the case is technically ongoing, even though the outcome seems mostly settled in the court of public opinion.
Important Date: August 15
There is growing speculation that the dismissal could happen before August 15, which is the deadline for both parties to submit a status update to the U.S. Court of Appeals. The court expects an update, and the parties may want to report that the case is fully resolved by then.
Marc Fagel, a former SEC lawyer, also weighed in on the topic. He said the parties are motivated to dismiss before August 15, or at least be able to tell the court that they plan to do so.
“They need to submit a status update with the court of appeals on that date, so they are incentivized to have dismissed their appeals (or at least being able to represent that they will be doing so) by that date,” the expert said.
Will There Be Another Extension?
There is still a small chance that either side could ask for another extension, but experts think it’s unlikely. Morgan mentioned that he can’t see a strong reason for another delay, but in legal matters, surprises can always happen.
What This Means for XRP
If the appeals are dismissed before August 15, this could be a turning point for Ripple and XRP. It would bring the legal uncertainty to an end, potentially opening the door for more institutional interest in the token and possibly even relisting on major U.S. exchanges.
