One of the main objectives of the Crypto Project is to promote innovation in the U.S. through cryptocurrency. However, industry experts believe that the SEC is punishing innovation by delaying the Ripple case. Currently, the case has reached a critical stage, and the agency is expected to submit a status report by August 15, 2025.
Ripple has fulfilled its obligations by withdrawing its cross-appeal and paying a $125 million fine in June, as part of a settlement strategy. Now, the case needs to be voted on by an SEC commissioner, which may compel the withdrawal of the appeal.
If the agency ultimately decides to withdraw, Judge Torres's ruling will finally take effect, officially determining that XRP is not a security when sold on public exchanges.
