$XRP is once again in the spotlight as the long-running legal battle between Ripple Labs and the U.S. SEC approaches another major deadline.
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On August 15, both parties are expected to file a joint status update that may finally confirm whether all remaining appeals will be dropped — potentially marking the end of this multi-year saga.
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💬 Former SEC Attorney Weighs In
In a recent conversation on X (Twitter), former SEC attorney Marc Fagel shared his thoughts with analyst Zach Rector.
Fagel stated that both Ripple and the SEC are highly incentivized to dismiss their appeals or at least confirm that dismissals are in progress.
> “They don’t want further delays. The motivation is practical: move on, avoid more court involvement, and stop extending this.”
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🔥 Ripple Already Took Action
✅ In late June, Ripple confirmed it would drop its cross-appeal
❓ The SEC has not yet officially withdrawn its own appeal
⏳ August 15 will confirm if both sides are following through
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💥 What’s at Stake?
If both parties drop appeals, it could:
✅ Officially end the lawsuit
✅ Reinforce XRP’s legal clarity (not a security)
✅ Pave the way for broader institutional interest
✅ Restore investor confidence
Ripple and the SEC had also asked the judge for a joint ruling to lower Ripple’s fine to $50M and lift the institutional sales ban — a request Judge Torres denied.
Now, Ripple says it’s ready to move on — with the SEC likely to do the same.
🧠 Final Thought:
August 15 could be the defining moment in the Ripple vs SEC case.
No more extensions. No more legal clouds. Just closure.
For XRP investors and legal watchers, this could be the signal they’ve been waiting for.
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