Attorney Fred Rispoli, a prominent lawyer, has disclosed that the Ripple-SEC case is not yet officially and legally over. In a recent tweet, he outlined the updated timeline in the case, confirming closure is near.
According to him, all necessary paperwork has already been prepared, and the process now awaits formal procedures.
The next major step involves a vote by the SEC Commission, which is expected to occur within 30 days. Once the vote is completed, the SEC will file a motion to lift the court injunction against Ripple.
Ripple is not expected to oppose the filing, which clears the way for a quick judicial sign-off. Judge Analisa Torres is expected to approve the filing within 30 days after the SEC submits the motion. Rispoli concluded that the case should be formally and legally over within the next 60 days.
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UPDATED SEC v. RIPPLE TIMELINE
With the announcement by @s_alderoty, you better believe the paperwork has been drawn up already.
Now we wait on a vote by SEC Commission (less than 30 days).
Then we wait on filing by SEC to lift injunction, which will be unopposed by @Ripple.…
— Fred Rispoli (@freddyriz) March 25, 2025
Ripple and SEC Settle Appeal Dispute as Legal End Draws Closer
The final timeline update follows an official announcement from Ripple’s Chief Legal Officer, Stuart Alderoty, on X. Alderoty revealed that the SEC has dropped its appeal without conditions, and Ripple withdrew its cross-appeal.
He stated that the SEC would retain $50 million from the original $125 million fine imposed by the court. The remaining $75 million, currently held in an interest-bearing escrow account, will be returned to Ripple.
Alderoty also confirmed that the SEC will request the court to lift the previously imposed standard injunction. These final actions are pending a Commission vote, final document drafting, and standard judicial review processes.
He closed his announcement by noting this should be his final update regarding the SEC v. Ripple case.
In reaction to Alderoty’s post, Fred Rispoli pointed out the toll the case took on SEC attorneys. He commented that thousands of hours spent by the SEC legal team were wiped out instantly with the deal.
Many in the XRP community have expressed both relief and frustration after years of uncertainty and legal battles. The final steps will close a case that significantly impacted the crypto industry and digital asset regulation.
