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Ripple Lawsuit: Is the SEC Dropping the XRP Case Today?

Published by
Anjali Belgaumkar and Qadir AK

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may finally be approaching a turning point. While rumors are swirling that the SEC might dismiss the case today, experts advised not to jump to conclusions just yet.

What’s Happening?

Both Ripple and the SEC are currently in a legal holding pattern. The case is being held in abeyance (on pause) by the Second Circuit Court of Appeals, while everyone waits to see what the SEC will decide next. The court has asked the SEC to file a status update by August 15, 2025. Until then, nothing is officially resolved.

The speculation heated up after reports emerged that the SEC is holding a closed-door meeting today. This has led some XRP supporters to believe that the SEC might announce the case dismissal now.

Don’t Expect a Surprise Ending, Yet

According to former SEC attorney Marc Fagel, there is no solid reason to believe the Ripple case will be dismissed today. He explained that although the injunction (a legal order that prevents Ripple from doing certain things) has already been dealt with, neither side has dismissed their appeal yet.

In fact, Fagel said that if the SEC does decide to drop the case, it will happen only after the agency’s commissioners vote to approve the dismissal. Once that happens, the financial penalty Ripple agreed to, which is currently being held in escrow at their lawyer’s bank, will be transferred to the U.S. Treasury.

Why August 15 Is Important

The August 15 deadline is the next key date in the case. That’s when the SEC must either:

  • Move forward with its appeal, or
  • Agree to dismiss it just like Ripple did earlier this year.

While there are a lot of rumors flying around, nothing has been finalized yet. The lawsuit won’t end with a surprise announcement in a private SEC meeting. If a dismissal does happen, it will likely follow a formal process and won’t catch the public completely off guard.

FAQs

What’s the current status of Ripple vs SEC?

Case is in abeyance (paused) at Second Circuit Court. SEC must file status update by August 15 before any further action.

When will the Ripple vs SEC case be resolved?

Next key date is August 15 when SEC must update court on appeal plans. No resolution expected before this deadline.

What happens if SEC dismisses the Ripple lawsuit?

If dismissed, Ripple’s penalty (held in escrow) moves to U.S. Treasury after SEC commissioners’ formal vote – not via private meeting.

Anjali Belgaumkar and Qadir AK

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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