The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is reaching its final chapter. With both parties withdrawing their appeals, attention has now shifted to what happens next. However, an XRP community member has claimed that the SEC will not make any official announcement on the case before August 7, raising concerns about a potential delay.
Is a settlement happening?
Ripple’s Chief Legal Officer, Stuart Alderoty, has hinted that all necessary paperwork for a settlement has already been prepared. The next step, however, depends on the SEC Commission, which is expected to vote on the matter within the next 30 days.
Once the vote is complete, the SEC will proceed with lifting the injunction imposed on Ripple. If Ripple complies with the process, Judge Analisa Torres will sign off on the motion, officially closing the case.
Will the SEC remain silent until August 7?
Fueling further speculation, an XRP supporter named Brett recently made a bold claim on social media. He stated that the SEC would not release any official announcement regarding the lawsuit before August 7, citing a court document as his source.
His post quickly gained traction, with some community members considering it a significant development. However, not everyone agreed. Many pointed out that the document he referenced was from the previous year, casting doubt on its relevance.
Former SEC lawyer Marc Fagel outright dismissed the claim, calling it “stupid and wrong.” These conflicting statements have left the XRP community divided on what to believe.
No official statement from the SEC
Although both the SEC and Ripple have withdrawn their appeals, the agency has yet to release an official statement, leading to speculation that the lawsuit might already be settled. However, legal complexities could be causing a delay.
Fox Business journalist Eleanor Terrett suggested that the SEC might be waiting to request Judge Torres to lift the injunction—a move that differs from how previous cases have been handled.
For now, XRP holders are eagerly awaiting clarity, hoping that the lawsuit’s resolution will bring long-anticipated regulatory certainty for Ripple and its token.