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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
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 โEnthusiastโ but trust me I'm getting there.
- Mar 28, 2025 05:05 UTC
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Ripple Lawsuit News: SEC Delays Lawsuit Announcement Until August 7? Ex-SEC Lawyer Clarifies
Ripple & SEC settle: SEC drops appeal, Ripple cross-appeal. $50M fine retained; injunction lift awaits court approval & SEC vote.
Rumors of SEC delay dismissed; official process to lift injunction underway, pending final docs & Judge Torres' approval.
After four long years of legal battles, the fight between Ripple and the SEC has finally come to a halt. The legal showdown that has drawn attention from both the crypto community and financial regulators appears to be over, but some lingering questions remain. Despite a statement from Ripple CEO Brad Garlinghouse, XRP supporters are still waiting for official confirmation from the SEC itself.
SEC’s Final Decision on Ripple Lawsuit: Whatโs Next?
Amid ongoing speculation, a document recently circulated online claiming that the SEC will not make an official announcement about the lawsuit until August 7. However, former SEC lawyer Marc Fagel quickly dismissed the document, stating, “This is stupid and wrong. Youโre welcome!” Others pointed out that the document in question was from last summer, further fueling doubts about its validity.
Just last week, the SEC decided to drop its appeal without any conditions. In return, Ripple has agreed to drop its cross-appeal. As part of the settlement, the SEC will keep $50 million of the $125 million fine, which is already held in an interest-bearing escrow account. The remaining balance will be returned to Ripple.ย
Ripple’s Settlement with SEC: Key Details and Implications
Additionally, the SEC should ask the court to lift the standard injunction that was imposed earlier at the SECโs request. However, this process isnโt immediate. Before the injunction can be lifted, the SEC must first vote on the decision, and then Judge Torres must be asked to lift it. This will likely happen in the coming weeks,
All of this is still subject to a Commission vote, the drafting of final documents, and the usual court processes.
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