XRP holders are eagerly awaiting the SEC to announce the conclusion of the lawsuit to relieve the long-standing frustrations.
After years of legal disputes, the XRP community hopes that transparency and an official conclusion from the SEC will help stabilize the price and reputation of XRP.
MAIN CONTENT
The SEC has not officially closed the Ripple case even though Ripple has withdrawn its appeal.
The internal approval process at the SEC takes 1-2 months, and it is not an automatic decision.
Ripple's wording causes misunderstandings; it is necessary to clearly distinguish between proposals and final decisions.
What stage is the SEC currently at in the lawsuit with Ripple?
According to Marc Fagel, former SEC lawyer, after the court dismissed the request to amend the handling measures at the end of June, the SEC enforcement division proposed to withdraw the appeal but still needs to be voted on by SEC members for approval. This is standard procedure, usually taking 1-2 months.
This process ensures that significant decisions are thoroughly reviewed, reflecting the caution in the SEC's operations to ensure robust legal validity. While in previous cases, the SEC has acted quickly, this time it seems to still be following the normal process.
Industry insiders often understand that: 'When the SEC enforcement division decides to withdraw the appeal, they still need to present it to the commission for approval – this is not an automatic step.'
Marc Fagel, former SEC lawyer, July 2025
Why does the XRP community feel confused and frustrated?
The XRP community expects Ripple's withdrawal of the appeal to lead to a similar move from the SEC, meaning the end of the lawsuit. However, the SEC's failure to officially announce this has increased confusion, negatively impacting asset value and investor confidence.
On social media, many XRP investors express frustration at not receiving clear updates from the SEC. This highlights the urgent need for transparency and an official confirmation to end the prolonged uncertainty.
Does Ripple's announcement cause misunderstandings?
Cryptocurrency lawyer James Farrell explains that Ripple's announcement could easily mislead the community about the current legal status. Ripple uses language like 'has withdrawn the appeal and so has the SEC' when in reality, the SEC has only proposed to withdraw the appeal pending approval from the commission.
Legal experts often use more cautious language such as 'the SEC enforcement division proposes to withdraw the appeal' to emphasize that a final decision has not yet been made. This small difference is crucial in the legal environment.
Can the SEC expedite the approval process?
Although theoretically the SEC can shorten the processing time for emergency proposals, current observations show that everything is still proceeding at a normal pace. This reflects the seriousness and caution that the SEC is applying to the case, ensuring that legal steps are fully adhered to.
The approval process can only be expedited when there is a clear urgency, but in the Ripple case, the SEC cannot deviate from the standard process.
Marc Fagel, former SEC lawyer, July 2025
What should the XRP community do at this time?
XRP holders need to continue monitoring official information from the SEC and reputable legal media channels. Staying calm and not letting emotions influence investment decisions is advisable when the legal situation has not reached a final conclusion.
It's also advisable to consult cryptocurrency legal experts to avoid misunderstandings that could negatively impact personal assets.
Frequently Asked Questions
Why hasn't the SEC officially announced the end of the Ripple lawsuit?
Due to the internal approval process taking 1-2 months from the time the SEC enforcement division proposes to withdraw the appeal, it is not an immediate final decision.
Has Ripple withdrawn all appeals?
Ripple has announced the withdrawal of the appeal; however, the SEC has only proposed and is waiting for approval from the commission.
How does this affect the price of XRP?
Unclear communication and delays in announcements put pressure on XRP's price, causing significant volatility due to prolonged legal uncertainty.
How should the community accurately receive information?
It is advisable to follow credible news sources and legal experts, avoiding rumors or unverified information on social media.
Can the SEC withdraw the appeal faster?
The SEC can expedite in emergency cases, but in the current Ripple case, it is still following the normal process, with no signs of acceleration.
Source: https://tintucbitcoin.com/ly-do-ripple-kien-tung-sec-keo-dai/
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