- SEC and Ripple may dismiss appeals before August 15 deadline.
- Closed-door meetings hint at progress in XRP legal battle talks.
- XRP investors eye August report for possible lawsuit resolution signal.
The legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is once again in the spotlight as a key court date approaches. On August 15, both parties are expected to submit a joint status report on the appeal process, raising speculation about whether the XRP lawsuit could come to a quiet conclusion before then.
This date stems from a joint request by Ripple and the SEC to pause the appeal proceedings. The court granted the relief and ordered both parties to report the status of their appeals by the end of August.
Former SEC lawyer Marc Fagel says that this is not a deadline to conclude the case, but an update may present a clearer view of the dispute’s current state.
Fagel clarified via X that the SEC has not held just four closed-door meetings on the Ripple case, as some posts have suggested. The best approach may have been taken by the agency, which holds weekly meetings and has probably discussed the Ripple legal fight regularly.
He also observed that the SEC conducts its internal meetings in the lead-up to the deal in confidentiality, so whatever is settled will not be known until a formal court record is filed.
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Legal Pause Raises Hopes for Quiet Conclusion to XRP Case
There has been growing interest in whether both Ripple and the SEC might agree to drop their appeals before August 15. While no such motion has been filed yet, the fact that both sides agreed to pause the appeal process indicates ongoing discussions.
Given a settlement, the lawsuit that had cast a shadow over XRP since 2020 might finish earlier than anticipated.
The XRP community continues to watch closely as developments unfold. If both sides withdraw their appeals, this would effectively conclude one of the most high-profile regulatory clashes in crypto.
This may also eliminate the obstacles to the possible approvals of XRP spot ETFs, which are pending until the case is resolved. As Ripple and the SEC are likely to update the court shortly, the case has now entered the last phase.
As the August 15 reporting date nears, anticipation grows around the possibility of an early resolution. If Ripple and the SEC submit joint motions to dismiss, the XRP lawsuit could finally come to a close—without the need for further courtroom drama.
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