The Ripple vs SEC case, ongoing for a decade, is awaiting resolution. Despite Ripple's recent decision not to appeal, the final outcome may still take weeks.
Appeal Dismissal Process
Former SEC attorney Marc Fagel clarified that the process for officially dismissing the SEC’s appeal is not immediate. The SEC must first conduct an internal vote on proceeding with the dismissal. After that, both Ripple and the SEC need to submit the necessary paperwork to formally dismiss their appeals. Only after these steps are completed will the district court’s earlier ruling fully take effect.
Community Hopes on July 3 Meeting
An upcoming closed-door SEC meeting scheduled for July 3 has sparked fresh hopes within the XRP community. Some believe this meeting could mark a turning point, potentially leading to the final dismissal of the case against Ripple. However, experts have cautioned that such meetings are routine and occur weekly, making it unlikely that this session will focus solely on the Ripple lawsuit.
Future of XRP Price
Despite the legal uncertainty, XRP’s market sentiment remains cautiously optimistic. Traders and investors are closely watching for any signs of closure, as legal clarity could significantly impact the asset's long-term price action.
The XRP community is waiting for formal updates from both Ripple and the SEC, hoping that the resolution of this case will represent a significant step forward in the cryptocurrency market.
