Although Ripple has announced the withdrawal of its appeal, the SEC still has to go through its standard internal process. This process includes drafting a memorandum of action, reviewing it across multiple departments, and scheduling a vote with the commissioners. He stated that this process could take 1 to 2 months.

Marc Fagel previously clarified that neither party has officially withdrawn the appeal. The SEC is simply monitoring the progress, and there is nothing special regarding Ripple. Once completed, both parties will file for dismissal, and this will happen soon. #StablecoinLaw