The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission appears to be winding down after four years. However, a recent wave of confusion sparked by an alleged SEC delay document has brought fresh attention to the case.
An online document claimed that the SEC would not issue an official statement on the lawsuit until August 7. This immediately triggered speculation among XRP supporters, with some interpreting it as a sign of further delay.
However, former SEC official Marc Fagel debunked the document, calling it outdated and false. Fagel dismissed the claims publicly, stating, “This is stupid and wrong. You’re welcome.”
The XRP community had been waiting for official confirmation from the SEC following statements made by Ripple CEO Brad Garlinghouse. Garlinghouse indicated that the case had finally been resolved, but the absence of a formal statement from the Commission left room for doubts and online misinformation.
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Last week, the SEC dropped its appeal without attaching any conditions. In response, Ripple also decided to withdraw its cross-appeal. The two sides have agreed on financial terms, with Ripple reclaiming $75 million from the original $125 million fine.
🚨Breaking news: SEC Won’t Make Official Announcement on Lawsuit Until August 7. $XRP pic.twitter.com/fKHFzpNCNi
— Brett (@Brett_Crypto_X) March 27, 2025
The remaining $50 million will remain with the SEC and is currently held in an interest-bearing escrow account.
Injunction Still in Place Pending SEC Vote and Court Approval
Although the major appeals have been withdrawn and a financial agreement is in place, legal procedures are still ongoing. The standard injunction previously imposed on Ripple at the SEC’s request remains active.
The SEC requires a vote from its members to remove the current injunction. Judge Analisa Torres needs to authorize the removal of the injunction after the SEC votes to approve the action. Various steps for the process must follow order and will occur during the forthcoming weeks.
The final phase of the case depends on the Commission’s internal approvals and requires receiving a formal court order. Completion of these processes makes the resolution technically incomplete. The Securities and Exchange Commission has made no public declaration regarding the outcome of this matter.
While Ripple’s legal team appears confident that the matter is settled, the XRP community remains watchful. The case has become a central issue in the broader conversation around digital asset regulation in the United States. With several final steps still ahead, full legal clarity will only come once all procedures are finalized.
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