Every day, the Ripple vs. SEC case continues to dominate conversations on Crypto Twitter, not because of confirmed updates, but because of a steady stream of rumors, speculations, and fake news. While the actual legal process moves at a careful, measured pace, social media has turned the case into a battleground of predictions and wishful thinking.
The latest rumor claims that there’s a 70–90% chance of a settlement between Ripple and the SEC by August 15, 2025. Supporters believe Judge Analisa Torres’ earlier rulings are making it tough for the SEC to push forward. According to this version of events, the only thing left is the SEC’s final status report.
Former SEC lawyer Marc Fagel stepped in to clear the air and explained how things actually work behind the scenes at the SEC.
After Judge Torres’ June 26 ruling, the SEC needs time to prepare an enforcement recommendation. According to Fagel, this process typically takes 1 to 2 months. Once ready, that recommendation is sent to the SEC commissioners, who must vote before any action, like dismissing the case, can be taken.
He also clarified an important detail: dismissing a pending case requires a commissioner vote, but closing an investigation that hasn’t led to a filed case doesn’t.
There’s no strict deadline for Ripple or the SEC to dismiss their appeals. However, both sides are required to file a status update with the court by around August 15. If they do agree to settle or end the appeals, they’ll file dismissal papers publicly. The SEC might also issue a public announcement, though that’s not guaranteed.
As for when the dismissal or settlement might actually happen? Fagel says plainly: “It’s all speculation.” It could happen within the next few weeks, or take longer. It depends entirely on how fast the SEC’s internal process moves.
He stressed that the Ripple case isn’t facing any unusual delay. There’s no conspiracy, no cover-up, and nothing out of the ordinary happening.
No, the Ripple vs. SEC case is not officially over yet. While Ripple has withdrawn its appeal and the SEC staff has agreed to recommend dismissing theirs, the SEC’s internal formal approval process is still ongoing.
The lawsuit saw a partial victory for Ripple, with a court ruling that XRP sold on exchanges is not a security, but institutional sales were unregistered securities. The SEC has settled the remedies portion, and Ripple paid a fine.
Confusion stems from the SEC’s silence despite Ripple withdrawing its appeal. XRP holders expected a prompt closure, but the SEC has a formal internal process for dismissal.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Sony Bank is gearing up to launch a USD-pegged stablecoin in the U.S. by early…
Ripple, a well-known financial technology company, has received official approval to expand its payment services…
Bitcoin Price crashed ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech today. The…
Bitcoin experienced a sharp $4,000 drop over the weekend, triggering $527 million in liquidations and…
New data reveals significant activity among XRP’s top 10,000 wallets, which now hold over 51.39…
Bitcoin Price today saw a sharp price crash, falling below $86,500 and triggering a crypto…
