Ripple vs SEC Case Nears Resolution as Dismissal Process Gains Momentum

The long-standing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is approaching a possible resolution as the appeal dismissal process gains momentum. As of August 6, 2025, the case has reached a key stage where the final procedural steps are expected to be completed. Bill Morgan, a prominent legal observer of the case, has clarified several misconceptions circulating online regarding the current status of the lawsuit.

According to Morgan, Judge Analisa Torres’ involvement in the case has concluded. Earlier assumptions that she retained an active role in determining the case’s outcome were incorrect. The judge had rejected a joint motion for an indicative ruling that would have facilitated the settlement agreement between the parties. This means that while a conditional agreement to dismiss the appeals was previously signed, the necessary conditions for its implementation have not been met.

Currently, the process is stalled pending a formal vote by the SEC commissioners to dismiss their own appeal. Morgan explained that Ripple has already indicated its intent to withdraw its appeal, but the dismissal cannot be finalized unilaterally. Both parties must formally take the step to dismiss the case in coordination. The outcome will become official only after the SEC votes and both sides complete the legal requirements for dismissal [1].

The widely referenced August 15 deadline is not a binding legal cutoff for the dismissal but rather a reporting requirement for the parties to update the appellate court on the status of their appeals. Morgan emphasized that the dismissal is more likely to occur before this date, though he also noted the possibility of an extension request. While he considers such a delay unlikely, he cautioned against assuming certainty, given the unpredictable nature of the litigation thus far [1].

Former SEC attorney Marc Fagel has echoed these sentiments, stating that the agency is expected to file its dismissal before August 15, but this is not a legal deadline. The timeline remains fluid, and the process continues to unfold in accordance with the procedural rules of the court [1].

As the legal battle nears its end, the XRP community remains attentive to updates. The resolution of this case could mark a significant milestone for the cryptocurrency industry, potentially setting a precedent for how digital assets are classified and regulated in the United States.

Source: [1] Ripple (XRP) vs SEC as of August 6, 2025: Appeal Dismissal More Likely to Happen (https://coinmarketcap.com/community/articles/68930219e874124e573c7990/)