The Ripple vs. SEC case continues to attract attention on Crypto Twitter, despite the lack of official updates. Instead, rumors and speculation dominate.
The Latest Rumor: A Settlement by August 15?
The latest rumor claims 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 difficult for the SEC to proceed. This version suggests that the only thing left is the SEC’s final status report.
Understanding the Real Process Behind a Dismissal
Former SEC lawyer Marc Fagel stepped in to clarify how things actually work behind the scenes. After Judge Torres’ June 26 ruling, the SEC needs time to prepare an enforcement recommendation, which typically takes 1 to 2 months. Once ready, that recommendation is sent to the SEC commissioners, who must vote before any action, such as dismissing the case, can be taken.
> The odds of a $50 million penalty and no injunction are 0%. The court has already resolved that. Sorry.
— Marc Fagel (@Marc_Fagel) July 22, 2025
No Deadlines, Just Status Updates
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.
Regarding when the dismissal or settlement might actually happen, Fagel plainly states: “It’s all speculation.” It could happen within the next few weeks or take longer, depending entirely on how fast the SEC’s internal process moves.
