The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may soon take a significant turn. Former SEC attorney Marc Fagel suggests that both parties could withdraw their appeals before the upcoming August 15 deadline, potentially paving the way for a long-awaited settlement in the XRP case.

🔹 Key Date Approaching

The XRP community is closely watching August 15, the deadline for Ripple and the SEC to submit a joint status report on the case. While it is not a mandatory date to drop their appeals, Fagel believes that both sides may aim to do so before then.

In a recent post on X (formerly Twitter), Fagel stated:

“I think that’s the date the parties are supposed to file a status report on the appeals. It doesn’t mean they must file dismissal documents by then, but I assume they’ll try to do it earlier.”

🔹 No Delays – Just Standard Procedure

Following Judge Analisa Torres’ recent rejection of a joint motion for an indicative ruling, speculation has grown about a potential settlement. Ripple CEO Brad Garlinghouse already signaled the company’s intent to drop its appeal. However, Fagel notes that no formal filings have been made yet and that the dismissal process typically takes one to two months.

“Nobody is delaying the case,” Fagel explained. Ripple has already paid its $125 million fine, and both the SEC and the judge are following standard procedures. According to Fagel, everything is proceeding as expected.

🔹 Is a Settlement Within Reach?

While it remains uncertain when the case might be officially resolved, the current signals point toward a potential mutual agreement. The withdrawal of both appeals would mark a major step toward putting the prolonged legal conflict to rest.

❓ Do you think Ripple and the SEC will reach a full settlement before the end of the year?

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