Recent developments in the ongoing XRP lawsuit have reignited speculation about an imminent settlement between Ripple and the U.S. Securities and Exchange Commission (SEC). While experts remain divided on whether a swift resolution is on the horizon, many believe the case is unlikely to extend beyond the next two months.
A major point of discussion arose when an XRP proponent asserted that the SEC would not issue an official statement regarding the lawsuit until August 7. The claim, which gained traction on social media, was linked to a prior court ruling. However, former SEC attorney Marc Fagel quickly refuted the assertion, calling it “stupid and wrong.” Many in the XRP community also dismissed the claim, noting that the referenced court document was outdated, further clouding the narrative surrounding a potential announcement.
Lawyer dropping by to say: this is stupid and wrong. You’re welcome!
— Marc Fagel (@Marc_Fagel) March 28, 2025
Why Is the SEC Delaying the Ripple Case?
The SEC’s recent actions have fueled optimism regarding the lawsuit’s conclusion. In a notable development, the SEC dropped its appeal against Ripple, prompting the company to withdraw its cross-appeal. Additionally, the SEC has recently dismissed multiple lawsuits against major crypto firms, including Kraken, Cumberland, and Consensys, signaling a potentially softer regulatory approach toward the industry.
Despite these promising signs, some legal complexities could prolong the case. Fox Business journalist Eleanor Terrett highlighted that the SEC might request Judge Analisa Torres to remove the injunction against Ripple, a step that differs from other crypto-related lawsuits. This procedural move could contribute to further delays before an official settlement is reached.
When Will the SEC Officially Drop the XRP Lawsuit?
Legal experts, including attorney Fred Rispoli, suggest that a settlement could be finalized within the next two months. Rispoli claims Ripple has already prepared the necessary documents for a resolution and that the final decision hinges on an upcoming SEC commission vote, expected within the next 30 days.
Also Read: XRP Price Drops Amid Market Turmoil: Will an ETF Approval Spark a Rebound?
As the crypto community watches closely, the outcome of the XRP lawsuit will have far-reaching implications, not just for Ripple but for the broader regulatory landscape governing digital assets.
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.
