The lawsuit between Ripple and the SEC still does not have a final result even though Ripple abandoned the appeal at the end of June 2025.
The SEC has not officially withdrawn the appeal, keeping the case ongoing and making cryptocurrency market investors wait for the next developments.
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The SEC has not officially withdrawn the appeal even though Ripple announced a stop to the appeal since June 2025.
The SEC's closed meeting in July had no decisions related to the Ripple case; it was just a routine process.
The processing time for an appeal under SEC procedures can take 1–2 months before a final decision is made.
How does the SEC's closed meeting affect the Ripple case?
Legal expert Marc Fagel, former senior official of the SEC, asserted that the closed meeting on July 17, 2025, was merely a regular meeting and did not make a decision on stopping the appeal in the Ripple case.
The SEC holds weekly closed meetings to update internal issues, not revealing details so no one outside knows whether Ripple is being discussed. As a result, after the meeting, XRP's price fluctuated slightly from $3.66 to below $3.50.
“There is no basis to believe that stopping the Ripple appeal was on the agenda that day. Scheduling a vote in the SEC case can take 1 to 2 months. Anyone who claims to know the exact timing is not telling the truth.”
Marc Fagel, former SEC official, July 2025
Why has the SEC not withdrawn the appeal even though Ripple has abandoned the appeal?
Many XRP investors are wondering why the SEC has not officially withdrawn the appeal and believe that the SEC does not hold regular weekly meetings as stated. However, according to Marc Fagel, the main reason is that the SEC's internal process must be followed, not disagreements.
Fagel emphasized that the delay is not due to disputes but because the administrative procedures need to be completed, from drafting the proposal, assessing through departments, and then scheduling a vote with the commissioners.
How long does the processing of the Ripple case at the SEC take?
According to expert Marc Fagel, the SEC's internal procedure for considering the withdrawal of the appeal can take 1 to 2 months from the time Ripple announced the withdrawal of its appeal.
Both sides – Ripple and the SEC – have not officially submitted paperwork to withdraw the appeal. Once the process is complete, the parties will submit official withdrawal requests. It is expected that the SEC will make an official decision in the upcoming closed meetings.
“The SEC is proceeding with standard procedures, nothing special for Ripple. As soon as the procedural steps are completed, the withdrawal of the appeal will happen quickly.”
Marc Fagel, legal analyst, July 2025
How does the withdrawal of the appeal affect the XRP market?
The SEC's withdrawal of the appeal could trigger the approval process for XRP spot ETFs, boosting liquidity and increasing XRP's accessibility in the traditional financial market.
The XRP price currently remains highly volatile as investors are cautious ahead of legal developments and events expected to occur after the lawsuit is officially closed.
Frequently Asked Questions
What stage is the Ripple and SEC lawsuit currently in?
Ripple announced the withdrawal of the appeal since June 2025, but the SEC has not officially withdrawn the appeal due to the need to complete internal procedures that take 1–2 months.
Does the SEC's closed meeting in July have any decisions related to Ripple?
No, the meeting was just a regular weekly session and did not make any new decisions regarding Ripple.
Why is the SEC's appeal withdrawal process slow?
Due to the need to finalize drafting, assessment, and scheduling the vote, this process cannot happen quickly immediately.
Does the SEC's withdrawal of the appeal affect XRP?
Yes, this paves the way for the approval of XRP spot ETFs, increasing liquidity and accessibility in the global market.
When can a final official decision from the SEC be expected?
It is expected that within the next 1–2 months, after one or two closed meetings with SEC commissioners, a voting decision may be made.
Source: https://tintucbitcoin.com/sec-chua-quyet-tien-so-cho-doi/
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