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Key Takeaways:
- The Ripple-SEC case remains paused until the SEC files a status update by August 15.
- Legal experts say a sudden dismissal is unlikely without a formal SEC commissioner vote.
- A decision—either to appeal or dismiss—is expected to follow proper legal procedures.
The high-profile legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) remains paused as both parties await the next court deadline on August 15, 2025. Despite growing chatter among XRP supporters about a potential case dismissal, legal experts caution against expecting a sudden resolution.
The case is currently being held in abeyance by the Second Circuit Court of Appeals. This pause gives the SEC time to decide whether it will proceed with its appeal or drop the case entirely—similar to Ripple’s earlier move this year. The court has mandated that the SEC submit a formal status update by August 15, but until then, no official action is expected.
This delay in-turn has intensified speculation following reports of a closed-door SEC meeting. Many XRP enthusiasts hoped this would signal a surprise dismissal, but legal analysts urge restraint.
Experts: Don’t Expect a Surprise Dismissal
Former SEC official Marc Fagel emphasized that any dismissal would not be sudden. He clarified that even though Ripple’s injunction issues have been resolved, both parties still have unresolved appeals. For the SEC to dismiss its case, the agency’s commissioners must first vote on the decision—a process that follows established legal protocols.
Also Read: Ripple CTO Defends XRP’s Role in Cross-Border Transactions
If the case is formally dropped, Ripple’s agreed-upon financial penalty, currently held in escrow at its legal counsel’s bank, will be transferred to the U.S. Treasury.
August 15: A Decisive Date
The next significant milestone is the August 15 deadline. The SEC must choose to either proceed with its appeal or officially dismiss the case. While speculation runs high, no decision will bypass formal procedure. Observers expect that any announcement regarding dismissal will follow due process, ensuring transparency and avoiding market surprises.
The Ripple-SEC case remains in legal limbo, with August 15 now marked as a key turning point. Despite the rumors, experts reaffirm that due process will dictate the outcome—not closed-door meetings.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
