Tension around the Ripple vs. SEC lawsuit is rising—and according to legal expert Bill Morgan, a resolution may be closer than expected. Morgan predicts that the appeal in the XRP case will likely be dismissed before the crucial August 15 deadline, when both parties are scheduled to submit a status report on the case.
Dismissal Is a Matter of Timing, Says Morgan
In a recent post on X (formerly Twitter), renowned lawyer Bill Morgan stated that a final decision in the Ripple-SEC case is likely to arrive before August 15. He noted that it's more probable than not that the appeal will be dismissed by that date.
Morgan clarified that August 15 is not the official deadline for the dismissal, but rather the date by which the parties must update the appeals court on the status of their appeals.
He also addressed ongoing misinformation circulating online, stating that Judge Analisa Torres has already completed her role in this case. Contrary to public belief, she is not expected to issue any further rulings. The final steps now lie with the SEC and Ripple, who must formally file to withdraw their respective appeals.
Morgan reminded that Ripple had previously committed to withdrawing its appeal and even signed a conditional settlement agreement with the SEC—though the conditions were not met at the time.
Former SEC Lawyer Confirms Judge's Role Is Over
Former SEC attorney Marc Fagel echoed Morgan’s assessment, confirming that Judge Torres is no longer involved and that remaining legal steps are now entirely up to Ripple and the SEC. He emphasized that the judge’s prior ruling against Ripple will automatically take effect once both sides withdraw their appeals.
Fagel also addressed claims about a financial penalty for Ripple. He confirmed that Ripple has already deposited $125 million into an escrow account managed by its legal team. However, the funds have not yet been transferred to the U.S. Treasury and are expected to be released once the appeal is formally closed.
Corporate Confidence in XRP Soars as Appeal Nears End
As the lawsuit nears a close, corporate confidence in XRP continues to rise. Bill Morgan previously pointed out that more and more companies are reporting XRP holdings in their financial disclosures and bond filings.
SEC filings show that firms like Flora Growth Corp and Hyperscale Data Inc. have disclosed investments in XRP. Hyperscale’s subsidiary, Ault Capital Group, has even announced plans to invest $10 million into XRP for cross-border payment purposes.
Similarly, vertical farming firm Nature’s Miracle revealed a $20 million XRP investment initiative, backed by an S-1 stock registration approved by the SEC. This move signals strong long-term confidence in XRP as a legitimate investment asset.
Optimism Builds Ahead of August 15 Status Update
As the August 15 status report deadline approaches, optimism within the XRP community is growing. Some analysts now estimate a 70–90% probability of settlement. Speculation is mounting that the final deal could involve a reduced fine of $50 million and—crucially—no court injunctions against Ripple’s business activities.
This outlook is based on the belief that both Ripple and the SEC want to avoid further prolonging the case. If a resolution is reached soon, XRP may gain significant momentum from the clarity and regulatory closure.
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