The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is ongoing, with observers in the cryptocurrency world expecting the case to reach a critical point.
SEC Appeal Situation
Crypto lawyer Bill Morgan confirmed that the SEC has not yet withdrawn its appeal in the Ripple case. Although there is no strict deadline for the SEC, it is expected to provide an update to the appellate court by August 15, 2025, which acts as an informal deadline. Morgan noted, "The SEC has not withdrawn the appeal in the Ripple matter yet. However, it is expected that they will need to act by August 15, 2025, although they may just ask for more time."
Experts' Views on Delays
Another industry expert noted that delays are still possible due to the SEC's bureaucratic structure. "The SEC is a government agency and tends to move slowly, and it can take months for them to review and approve actions," the expert said. Nevertheless, he believes actions will likely occur before August 15: "I’m betting yes. Probably more likely than not."
Predictions for Future Developments
Legal veteran Marc Fagel added context, stating that internal processes within the SEC take time. "It can typically take one to two months for the SEC to vote on an enforcement recommendation," Fagel said. He also noted that Ripple is likely waiting for the SEC to dismiss its appeal before making a joint filing: "Ripple said they would, but they haven’t yet – presumably waiting until the SEC approves dismissing their own appeal so they can file something jointly."
The situation with the Ripple vs. SEC case remains tense, and the regulator's upcoming actions over the next few months could significantly impact the outcome of the dispute.
