A Legal Countdown Begins in the Ripple Case
The legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple Labs is nearing a tipping point. According to legal experts acquainted with the situation, the SEC has only a few days, until mid-August, to react or formally inform the court on the progress of its appeal in the continuing XRP lawsuit update.
With Ripple having already dropped its own appeal, the focus now moves to the SEC, whose next step may redefine the future of XRP and perhaps restructure US crypto law.
The next court-mandated status update is scheduled on August 15, paving the way for either a resolution or a protracted legal battle. As the cryptocurrency industry waits, this case continues to affect investor attitude and market behavior.
Ripple withdraws its appeal, and SEC’s silence becomes louder
Ripple took the first move by dropping its cross-appeal in June 2025, indicating a desire to end the multi-year struggle. However, the SEC has not yet reached its final decision. According to legal experts, the regulatory authority is required to notify the court of its intention—whether to pursue the appeal, drop it, or request more time.
According to legal commentator Bill Morgan,
“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.”
The SEC’s silence has stirred debate in legal circles, with some speculating that internal procedural hurdles—such as agency votes and joint filings—may be delaying action.
Broader implications for the cryptocurrency industry
This isn’t only about Ripple. The outcome of the SEC’s next action may establish a precedent for how other tokens are considered under US securities rules. If the case is dismissed, it would support Judge Torres’s 2023 finding that XRP is not a security in secondary markets, which crypto enthusiasts celebrated as a triumph.
Former SEC attorney Marc Fagel stated that, while the withdrawal process is not immediate, “it could take weeks once initiated due to internal procedures and formal filings.” However, political moves in Washington and public pressure from cryptocurrency stakeholders may accelerate that timescale.
The current SEC administration has demonstrated greater openness to digital assets, with new leadership suggesting a shift away from harsh enforcement and toward clearer regulatory frameworks.
A historical precedent in the making?
What is at stake is more than just one token; it is the future of digital asset classification in the United States. As the August deadline approaches, Ripple, XRP holders, and the rest of the crypto world are paying careful attention. A good conclusion may open the way for spot XRP ETFs, institutional inflows, and increased investor confidence.
If the SEC withdraws its case or is rejected by a court, other projects under review may be encouraged to contest regulatory overreach. The XRP lawsuit update is more than just a legal matter; it is a watershed point in crypto credibility.
Conclusion
The SEC has only a few days left to explain its stance in the XRP lawsuit update, which has gone on for years but is now nearing settlement. With Ripple having already stepped back, the onus is now on the regulator to take action. Whatever the verdict, the implications will reverberate across the cryptocurrency market, cementing this as one of the most significant legal events in digital asset history.
FAQs
Q1: What is the SEC’s deadline in the Ripple case?
The SEC must update the court on its status or request more time by August 15, 2025.
Q2: Has Ripple withdrawn its appeal?
Yes, Ripple withdrew its cross-appeal in June 2025, awaiting the SEC’s final decision.
Q3: How could this impact XRP’s price?
A dismissal of the SEC appeal could trigger a bullish run in XRP, potentially reopening doors for ETFs and institutional buying.
Glossary
XRP Lawsuit Update – The latest legal status and developments in the SEC v. Ripple case.
Cross-Appeal – A secondary appeal made by the opposing party in a legal case.
Regulatory Clarity – Legal certainty on how assets like cryptocurrencies are defined and governed.
Status Report – A formal update submitted to the court outlining case progress or intentions.
Sources and References
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