📰SEC Delays Withdrawal of Appeal in Ripple Case; Pro-XRP Lawyer Expects News Within This Timeframe
💠Summary:
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is nearing its conclusion. Although Ripple has withdrawn its appeal and paid the fine, the SEC has not yet taken similar action. Pro-XRP attorney Bill Morgan noted that an important deadline is approaching—August 15, 2025—when both parties are required to submit a joint status report to the appellate court.
If the SEC withdraws its appeal, it would affirm Judge Torres’s ruling that XRP is not a security when traded on secondary markets. This could pave the way for increased transparency, new partnerships, and development projects on the XRP Ledger—possibly even leading to approval of a Spot XRP ETF.
However, if the SEC requests an extension, uncertainty would remain, potentially delaying XRP’s growth trajectory.
Source: TradingView (via NewsBTC)
