The Ripple vs. SEC case is becoming increasingly tense as XRP supporters express frustration over delays. However, according to a legal expert, the situation is somewhat different.
Who Is Behind the Delay?
According to attorney Bill Morgan, the delays in the case are due to Ripple's desire to lift the restriction on selling XRP. Morgan noted that the SEC is actively cooperating and even assisting in the process. He added that Ripple is primarily interested in lifting these restrictions to sell XRP to institutional investors. "Ripple needs it, not the XRP investors," he commented.
Expectations for the Judge's Ruling
The next update in the Ripple vs. SEC case is scheduled for August 15, 2025. However, former SEC official Marc Fagel noted that this date is not a deadline, and the case is not delayed until then. The judge could issue a ruling on the pending motions at any time, including within a few hours or days. Morgan also mentioned that any further delay could trigger new appeals and slow down settlement discussions.
Community Reaction and Next Steps
The community is expressing frustration over the ongoing delays in the case. Both parties have signed the deal, paused their appeals, and filed the necessary motions. Now, everything hinges on Judge Torres issuing a ruling. Once approved, Ripple will pay a $50 million fine, the injunction will be lifted, and both appeals will be dropped.
The Ripple vs. SEC case remains a focal point for the crypto community. Expectations for new rulings, based on current concerns and processes, may significantly impact the future developments.
