The legal dispute between Ripple and the SEC has taken a new turn as the company officially withdraws its appeal. However, experts note that the case is not yet resolved.
Turn in the Legal Process
Ripple has decided to withdraw its appeal in the case against the SEC, which is seen as a step forward in this lengthy legal battle. However, attorney Bill Morgan emphasized that this does not conclude the matter, as the SEC still needs to vote on officially dropping its own appeal.
Need for New SEC Vote
Former SEC official Marc Fagel explained that the initial internal vote only approved the proposed agreement. Since the court did not endorse the deal, the agency is required to hold a new vote to dismiss the appeal entirely. This vote is procedural but necessary.
Implications for Ripple and Investors
The permanent injunction against Ripple continues to limit certain institutional activities. Although the 2023 ruling confirmed that XRP is not a security when sold on public exchanges, legal analysts warn about potential compliance risks. The final resolution of the dispute hinges on how the SEC chooses to enforce regulations going forward.
The Ripple vs. SEC legal battle is approaching its conclusion, but the final decision depends on one last regulatory action. Legal experts maintain that the matter is not fully settled.
