The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has once again taken center stage – but this time, it’s not about XRP’s price movements, it’s about what’s really happening in the courtroom.

A few days ago, social media posts with headlines like “The case is over” began to circulate, claiming that the SEC vs. Ripple dispute had been definitively settled after both parties filed a joint dismissal of their appeals. The story quickly went viral, and part of the community took it as fact.

However, not everyone was convinced. Many in the crypto space called the news premature – or even outright false. Heated debates erupted across X (formerly Twitter) about what the reality actually is.

Analyst: “A Judge’s Signature Is Not Always Required”

Crypto analyst Zach Rector highlighted a lesser-known detail of the U.S. legal process. Under Federal Rule of Appellate Procedure (FRAP) 42(b), a “stipulated dismissal” is possible – meaning a circuit clerk can officially close a case if both parties sign an agreement to withdraw the appeal, specify how costs will be covered, and pay any required court fees.

In other words, if the appeal is withdrawn without any additional conditions, a judge’s signature is not necessary.

When Judicial Approval Is Required

Legal experts note, however, that there are situations where a court order is essential – for example, if the agreement includes reducing penalties, approving a settlement, or overturning a lower court ruling.

Former SEC attorney Marc Fagel addressed a major question circulating within the community – whether Ripple’s fine had been reduced from $125 million to $50–75 million. According to Fagel, this is not true. Judge Analisa Torres reportedly rejected any reduction, meaning Ripple still owes the full $125 million.

What This Means in Practice

If the SEC and Ripple agreed solely to withdraw their appeals without any further terms, the dispute at the appellate level is indeed over – even without a judge’s approval.

However, the original ruling remains in effect, the fine is unchanged, and the dismissal of the appeal does not mean Ripple has been “cleared” in the eyes of the court.

#Ripple , #xrp , #SEC , #Regulation , #CryptoNews

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