The XRP community is waiting for clarity from the SEC regarding the cessation of litigation after many years of legal disputes.
The SEC has not officially closed the Ripple case even though the company has withdrawn the appeal, leaving investors and XRP supporters feeling ambiguous and frustrated about the future of this currency.
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The SEC takes 1-2 months to complete the approval process for withdrawing the appeal in the Ripple case.
The XRP community hopes for an end to the lawsuit but has not yet received an official announcement from the SEC.
Ripple's announcement wording misleads that the SEC has approved the withdrawal, while in reality, it must wait for the SEC commission's final decision.
How is the SEC handling the Ripple lawsuit?
Former SEC lawyer Marc Fagel asserts that the SEC has an internal approval process, which usually takes one to two months, before officially withdrawing the appeal in the Ripple case.
After the court ordered on June 26 to deny the motion to modify the handling measures, SEC enforcement staff proposed withdrawing the appeal and submitted it to the SEC commission for an official vote. This is the normal procedure to ensure a valid withdrawal. The SEC has previously been able to expedite urgent cases, but this time the process follows standard plans.
"The process of withdrawing the appeal still requires official approval from the SEC commission and typically takes about 1-2 months to complete."
Marc Fagel – Former SEC lawyer, speaking on July 21, 2025
Why does the XRP community feel confused after Ripple's announcement?
Cryptocurrency lawyer James Farrell commented that Ripple's announcement of withdrawing the appeal is somewhat misleading as it implies that the SEC also agrees to withdraw the application. In fact, those in the litigation profession often use more precise language to avoid misunderstandings.
For example, a standard statement would be, "SEC staff recommends withdrawing the appeal" instead of saying the SEC has withdrawn the application, to clarify that this is just the first step and still depends on the final decision of the SEC commissioners. The difference in wording has led investors and followers of the case to expect too early a conclusion.
How does the delay in confirming the end of the lawsuit affect XRP?
The lack of clarity and prolongation in the lawsuit has severely impacted XRP's price and reputation for many years. The community and investors seek a transparent conclusion for the market to regain trust. The SEC's failure to officially declare the case closed means that uncertainty still exists in investor sentiment.
"After many years of disputes, the XRP community deserves transparent information and a definitive conclusion so that the market can stabilize again."
Cryptocurrency analyst – Market analysis report 2025
What are the next steps for the SEC in handling the Ripple case?
The SEC commission will evaluate the proposal from the enforcement staff and organize a vote for approval or rejection. If agreed upon, the lawsuit will be officially closed, paving the way for Ripple and the XRP community to move past a lengthy legal phase. The timeline of 1-2 months is expected for this entire process.
What can the XRP community do while waiting?
While waiting for the SEC to complete the approval, investors should monitor information from official channels and legal experts, avoiding premature predictions or believing in rumors on social media. Maintaining a vigilant attitude based on reputable sources will help mitigate risks and avoid unnecessary FUD.
Frequently Asked Questions
Has the SEC officially closed the Ripple case?
No, the SEC is in the process of approving the proposal to withdraw the appeal, which is expected to take 1-2 months to complete.
Why did Ripple withdraw the appeal while the SEC has not yet announced the cessation of the lawsuit?
Ripple has withdrawn the appeal, but the SEC needs the commission to vote officially to complete the procedure, so no official announcement has been made.
How does the prolongation of the lawsuit affect XRP?
Does Ripple's announcement cause misunderstanding?
Yes, Ripple's wording makes many people mistakenly believe that the SEC has agreed to withdraw the appeal, while in reality, there has not yet been a final decision.
How to know when the lawsuit ends?
Staying informed from the SEC and reputable legal experts is the best way to keep updated on accurate developments.
Source: https://tintucbitcoin.com/du-an-tien-dien-tu-co-the-keo-dai/
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