The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission has been ongoing since 2020. Today, August 7, 2025, could be a pivotal day as the SEC is set to meet regarding the potential withdrawal of its appeal, which could affect the crypto market.
SEC Meeting on Ripple Case
The Securities and Exchange Commission is scheduled to hold an internal discussion about whether to accept Ripple's appeal withdrawal. If favorable, this may allow Ripple to continue its operations without further legal complications.
Impact on the Crypto Market and XRP
Despite uncertainties, Ripple is showing positive financial performance. Recently, the company ranked 23rd among the largest private entities with a capitalization of $15 billion. The associated digital currency, XRP, has also reported a growth of 2.16% over the last 24 hours, reaching $3.04.
Current Situation with Ripple and SEC
Today's meeting is crucial as it approaches the next status report on August 15. If Ripple and the SEC dismiss their appeal before this date, the case can be considered essentially closed. Otherwise, it may linger for a much longer time.
The legal status of Ripple and XRP remains uncertain. The SEC's decision may have significant implications not only for Ripple but also for the crypto market as a whole, making the situation extremely important for all stakeholders in this industry.
