$XRP Lawsuit Nearing a Key Update — Settlement Possible Before August 15
Legal expert Bill Morgan predicts there's a strong likelihood the SEC and Ripple will dismiss their appeals before the August 15 status-report deadline—though the date itself is not a hard cutoff for filing dismissal papers. It simply marks when both parties must update the court on appeal status.
Former SEC attorney Marc Fagel echoes this view, explaining that August 15 is only a reporting requirement, not a settlement deadline. He expects both parties to act before then, with the SEC needing to complete an internal vote to drop its appeal—a process that typically takes one to two months.
🔹️ What’s Been Decided Already
Judge Torres has denied Ripple’s joint motion for an indicative ruling. There will be no change to the existing injunction or the $125 million penalty, both of which remain in place.
Ripple has already deposited the $125 million penalty into escrow; the funds will likely be released only after the appeal process concludes.
🔹️Catalyst for ETF Approval?
A drop in appeals could remove a major regulatory overhang—and potentially clear the path for XRP spot ETF approvals.
🔹️ Market & Community Sentiment
While community speculation suggests a 70–90% probability of settlement, legal analysts remain cautious—highlighting that filing procedures and voting timelines often take weeks.