Key Takeaways:
- SEC’s appeal dismissal may take several more weeks, with no set timeline, according to former SEC attorney Marc Fagel.
- July 3 SEC meeting is likely routine and unrelated to the Ripple case, despite community speculation.
- A final settlement in the XRP lawsuit depends on the SEC’s formal withdrawal, followed by mutual paperwork submission and court confirmation.
As the legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) inches toward a resolution, former SEC attorney Marc Fagel has shared a sobering update: the final dismissal of the SEC’s appeal in the XRP lawsuit may take several more weeks. While Ripple has already withdrawn its own appeal, the SEC has yet to complete its side of the process, leaving the XRP community in suspense.
In a recent post on X (formerly Twitter), Fagel explained that the SEC must still formally vote to dismiss its appeal. Only after that will both parties be able to submit the necessary paperwork, allowing the district court’s prior ruling to take effect.
SEC likely still needs to vote to dismiss appeal. Then the parties need to submit papers dismissing their respective appeals, after which the district court's order goes into effect. Could take several weeks or more; but could possibly be expedited. No set timeframe.
— Marc Fagel (@Marc_Fagel) July 1, 2025
Former SEC Lawyer Clarifies Next Steps
Responding to a query on X, Fagel noted, “SEC likely still needs to vote to dismiss appeal. Then the parties need to submit papers dismissing their respective appeals, after which the district court’s order goes into effect. Could take several weeks or more; but could possibly be expedited. No set timeframe.”
This update quashes any speculation of an immediate resolution, even as anticipation within the XRP community continues to grow. While the legal process is slowly unfolding, Fagel also highlighted the possibility of expedited timelines, though no official dates have been confirmed.
July 3 SEC Meeting Sparks Speculation
Adding to the swirling rumors, a closed-door SEC meeting scheduled for July 3 has fueled hopes that the XRP lawsuit might be resolved during this session. The meeting’s agenda reportedly includes review of case closures, prompting speculation that the SEC could drop its case against Ripple during the proceedings.
However, Fagel quickly poured cold water on these hopes, calling the meeting “routine” and unrelated to the XRP case. “In other words, the meeting they hold every Thursday is being held Thursday. Tells us nothing about Ripple timing,” he said.
Also Read: Ripple vs. SEC Will Not Drag Into 2026, Says Legal Expert — Here’s Why
A Cautious Road to XRP Settlement
Despite earlier optimism that Ripple’s dropped appeal would fast-track a settlement, legal experts like Fagel emphasize that the case will only truly end when the SEC follows suit. Judge Torres’ denial of a joint motion added to the delay, further complicating the resolution timeline.
As of now, XRP supporters are urged to remain patient. While the end of the lawsuit appears to be within reach, the timing remains uncertain, potentially extending beyond July.
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 a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
