The legal battle between Ripple and the Securities and Exchange Commission (SEC) of the United States can finally approach a turning point. While rumors swirl according to which the SEC could reject the case today, the experts advised not yet drawing conclusions.
What’s going on?
Ripple and the dry are currently in a legal relaxation scheme. The case is holding unanswered (in break) by the second Circuit Court of Appeals, while everyone is waiting to see what the dry will then decide. The court asked the SEC to file an update of the status by August 15, 2025. Until then, nothing is officially resolved.
Speculation held up after the reports emerged that the dry holds a meeting on closed doors today. This has led some XRP supporters to believe that the dry could announce the dismissal of the case now.
Do not expect a surprise end, again
According to the former SEC lawyer, Marc Fagel, there is no solid reason to believe that the Ripple affair will be rejected today. He explained that although the injunction (a legal order which prevents Ripple from doing certain things) has already been treated, neither of the two parties has yet rejected their appeal.
In fact, Fagel said that if the dry decided to remove the case, this will only happen after the agency’s commissioners vote to approve the dismissal. Once this happens, the ripple of the financial penalty has accepted, which is currently detained in the entire lawyer, will be transferred to the US Treasury.
Why is August 15 important
The deadline for August 15 is the next key date for the case. This is when the dry must either:
- Move forward with his call, or
- Accept to reject it as Ripple did earlier this year.
Although there are many rumors that fly, nothing has yet been finalized. The trial will not end with a surprise announcement at a private dry meeting. If a dismissal occurs, it will probably follow an official process and will not completely grasp the public.
