Ripple vs SEC Case Update – August 7
💥 Are We Finally Nearing the End?
As we approach another key date in the ongoing Ripple vs. SEC saga, all eyes are now on the August 15 deadline — the day both parties are expected to file a joint status update with the court.
This update could determine whether Ripple and the SEC are finally ready to drop their remaining appeals, or if we’re in for yet another delay.
Recently on X, former SEC attorney Marc Fagel chimed in on the situation after being asked by Zach Rector whether both sides are likely to withdraw their appeals by the deadline. Fagel pointed out that both Ripple and the SEC are “highly incentivized” to either file the dismissals by August 15 or at least inform the court that the process is underway.
🚨 What This Means for XRP
Fagel didn’t give a definitive prediction, but his comments hint that both sides may want to wrap this up — fast. Especially since Ripple already dropped its cross-appeal back in June. The community is now waiting for the SEC to do the same. So far, there’s been no official withdrawal from their side, but that could change next week.
📉 Avoiding Delays, Aiming for Closure
Fagel suggested that neither party wants to return to the Court of Appeals just to ask for more time. This aligns with what we’ve seen: Ripple and the SEC spent months working toward a settlement that would’ve reduced Ripple’s penalty from $125M to $50M and lifted the ban on institutional sales of $XRP.
Even though Judge Torres denied that joint motion, Ripple made it clear they’re ready to move on — and they’re standing on the fact that $XRP is not a security.
💡 Key Takeaway
If both sides truly want this behind them, August 15 might be the final turning point. Will we finally see closure in this long legal battle? 👀
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