SEC Procedural Phase:
Current Status of the Ripple Lawsuit
Update
Ripple Labs and the SEC remain embroiled in litigation as the judicial processes continue, and the SEC is expected to finalize its decisions by mid-August.
The ongoing litigation between Ripple and the SEC affects the overall market sentiment and potential federal regulations.
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are in the procedural phase for a potential resolution of the lawsuit. Judge Analisa Torres has concluded the judicial matters, while Ripple's leadership remains silent regarding any finalized dismissal.
The SEC's internal vote could lead to the formal filing of a dismissal in one or two months, according to Marc Fagel, former director of the SEC. Meanwhile, no official statements have emerged from Ripple's executive team.
The XRP market activity remains robust, with prices rising following legal clarity about its status in 2023. Speculation persists regarding institutional movements, such as BlackRock's interest. However, there is no official confirmation of an XRP ETF filing.
