- Ripple vs. SEC case may officially end on July 17.
- Closed-door SEC meeting sparks rumors of appeal withdrawal announcement.
- Former SEC official confirms case is in final procedural phase.
The high-profile legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may soon conclude, with July 17 being closely watched as a potential turning point.
A recent post by Good Morning Crypto (@AbsGMCrypto) has fueled speculation that the SEC could formally announce the end of its case against Ripple this week.
For context, in December 2020, a complaint was filed accusing Ripple of conducting an unregistered offering of securities by selling XRP. An interim decision in 2023 dismissed the claim that Ripple had done anything wrong in its programmatic exchange sales but ruled that institutional sales had violated securities laws.
Both parties have filed all the necessary legal documents, and none are pending before the court.
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Closed-Door SEC Meeting Fuels Rumors of Appeal Withdrawal
Community interest surged after Abdullah “Abs” Nassif pointed to a “new market rumor” suggesting the SEC might announce the dismissal of its appeal on July 17. The rumor is associated with a closed session set to be held the very day at the Washington, D.C. headquarters of the SEC.
Nonetheless, Marc Fagel, the former SEC Regional Director, came out to clarify the escalating speculation. He noted that the SEC holds private meetings on Thursdays and that the discussions for that meeting are not disclosed.
NEW RUMOR: 🇺🇸 The SEC May Announce The End Of The @Ripple $XRP Case On July 17!
Will The SEC Make This Announcement On Thursday? 🤔💭
Comment Below & Follow For More!!👇👇 pic.twitter.com/cRVx8hWHNw
— Good Morning Crypto (@AbsGMCrypto) July 15, 2025
As he put it, the agenda is secret, and anyone saying he or she knows what the agenda is is merely compounding stories.
Fagel admitted to expecting that the commission would vote to reject the Ripple appeal in the next few weeks, but underlined that no external party can understand when it will happen.
Fagel Confirms Case Is in Final Procedural Phase
In a separate post, Fagel emphasized that the case is progressing through standard legal procedures. “Nobody is holding up the case. Not the judge (there is nothing for her to decide), not the SEC (which has a standard procedure to follow, and will dismiss the appeal once the vote is taken, a process that typically takes 1–2 months),” he explained.
Conclusion
With no court decisions remaining and both parties poised to dismiss their appeals, the final steps in the Ripple case appear to be underway. All attention now turns to whether the SEC’s next move will confirm the lawsuit’s long-awaited end.
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