XRP Lawsuit Update: Will SEC Announcement Be Delayed Until August 7?

The XRP lawsuit update has been a topic of much speculation lately. There were rumors that the SEC announcement might be delayed until August 7, but experts like Marc Fagel, a former lawyer at the commission, have dismissed these claims as "incorrect and outdated" .

In fact, lawyer Fred Rispoli predicts that the lawsuit will be resolved within 60 days, citing the recent withdrawal of appeals by both Ripple and the SEC .

This development suggests that a final decision might arrive sooner rather than later.

It's worth noting that the SEC has been taking steps to resolve the case, including resolving several crypto lawsuits, such as those with Kraken and Consensys .

However, the Ripple situation involves unique complexities, including the need to lift an injunction placed on Ripple, which requires Judge Analisa Torres's approval .

While there's no definitive timeline for the SEC's announcement, it's clear that progress is being made. As the situation unfolds, XRP supporters will be keeping a close eye on any developments that could impact the cryptocurrency's price.