*Ripple-SEC Case: Aug 15 Status Update Could End It All
Was monitoring legal developments when this key update surfaced...
Both parties request Second Circuit hold appeals in abeyance
SEC filing status update by August 15, 2025
Waiting for Judge Torres's indicative ruling. This could finally end the 5-year saga.
*What's Happening
Latest move: Ripple + SEC renewed request for indicative ruling
Context: Judge Torres initially denied motion in May
Deadline: SEC status update due Aug 15
Key question: Will Torres modify her previous order?
XRP community in holding pattern, speculation building.
*Expert Take
Marc Fagel (former SEC director):
"I don't think there's any way to predict whether she will modify her order. I could see it going either way."
XRP supporter sentiment:
"Would be baffled if she rejects the refile"
My observation: Even legal experts can't predict Torres's next move.
*The Financial Stakes
If indicative ruling granted:
-Injunction dissolved
-$50M goes to SEC
-$75M returned to Ripple
-Appeals dismissed
-Case officially over
Timeline: December 2020 lawsuit finally ending?
*Market Impact
For XRP:
-Legal uncertainty continuing
-Potential case closure by fall
-$125M total settlement already agreed
Broader crypto:
-Regulatory clarity precedent
-SEC enforcement strategy implications
-Institutional confidence factor
*What I'm Watching
August 15: SEC status filing
Judge Torres: Indicative ruling decision
Appeals process: Potential dismissal
Market reaction: Each legal milestone
Reality check: 5-year case could end within months.
*Bottom Line
August 15 could be the beginning of the end
Both sides want this over. Torres holds the key to final resolution.
Market reality: Legal overhang removal typically bullish for affected assets.
If Torres grants indicative ruling, we're looking at case closure timeline finally.
