The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be approaching a critical juncture. Despite expectations from much of the crypto community that the SEC would withdraw its appeal in the high-profile case, the agency has yet to do so—sparking new debate over the timeline and possible outcome.
⏳ SEC Remains Silent—Deadline Approaching
Renowned crypto lawyer Bill Morgan, who has closely followed the Ripple-SEC lawsuit, confirmed that the SEC has not withdrawn its appeal. While the agency isn’t bound by a strict deadline, it is expected to update the appeals court by August 15, 2025.
“In the next two weeks, we should learn something new,” Morgan said, noting growing pressure for the SEC to make its next move or at least request more time.
🕰 Delay Still Possible, But Less Likely
Another industry expert noted that bureaucratic processes within the SEC could still cause delays. “The SEC is a government agency, and these things often move slowly—it can take months for them to review and approve action,” the expert said. “But will they act before August 15? I’d bet yes—more likely than not.”
The expert also pointed out that both Ripple and the SEC could jointly file for an extension if necessary. With President Donald Trump’s pro-crypto stance following the 2024 election, the political climate may also pressure regulators to act more quickly.
⚖️ Legal Veteran Marc Fagel Shares Insight
Former SEC official and legal expert Marc Fagel added further context, stating that internal deliberations can take time. “The SEC’s vote on enforcement recommendations can typically take one to two months,” Fagel explained. “And we don’t even know when this recommendation was submitted to the commissioners.”
Fagel also mentioned that Ripple is likely waiting for the SEC to formally withdraw its appeal before submitting a joint motion. “Ripple has said they’re on board, but they haven’t filed anything yet—likely waiting for the SEC to act first.”
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