XRP News Today: Ripple Appeal Still Pending Despite CEO's Claims Case Not Officially Closed

A long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has sparked confusion after public statements from Ripple’s CEO, Brad Garlinghouse, suggested the case had been closed. In June 2025, Garlinghouse declared that Ripple was “dropping the appeal,” leading many in the XRP community to believe the matter had concluded [1]. However, this interpretation was not supported by the legal reality: Ripple never formally filed to withdraw its cross-appeal, and the SEC has not submitted a dismissal either [2].

The clarification came from crypto researcher Diana, who revealed on social media that the case remains active. A former SEC attorney, Marc Fagel, confirmed that Ripple’s appeal is still pending. The critical point is that while Ripple may have intended to withdraw its appeal, no official legal filing has been made, meaning the case is not yet closed [3]. As Diana emphasized, statements and intentions are not the same as executed court actions [4].

The delay in filing stems from internal bureaucratic procedures. For the SEC to submit a dismissal, it must first go through staff reviews and a formal vote. Ripple, in turn, is waiting for a joint filing to ensure legal clarity and finality [5]. Until both parties submit coordinated requests for dismissal, the appeal phase will remain open. This process is standard for federal agencies and not a tactic to prolong the case [6].

A key detail is the $125 million civil penalty agreed to by Ripple, which is already in escrow. Once the dismissal is finalized, the funds will be released to the U.S. Treasury [7]. This indicates that Ripple is not stalling but is merely waiting for the formalities to be completed. Judge Analisa Torres, who delivered the landmark 2023 ruling that XRP sales on secondary markets do not constitute securities offerings, is no longer involved in the case. Her decision remains binding and will be final once the appeals are formally dropped [8].

With the August 15 deadline approaching, the XRP community is closely monitoring developments. Although the appeals are still pending, all signs point to the case being in its final phase. Once both Ripple and the SEC submit their dismissals, the legal saga that has dominated the crypto space for years will finally come to an end [9].

This resolution will have broader implications for the cryptocurrency industry, particularly in terms of regulatory clarity and investor confidence. If the SEC chooses to drop its appeal in the coming days, Ripple is expected to follow swiftly, marking a pivotal moment in the legal and regulatory landscape of digital assets [10].

Source:

[1] Times, https://timestabloid.com/ripple-never-dropped-its-appeal-with-the-sec-so-what-happened-details/

[2] Coinpedia, https://coinpedia.org/news/ripple-vs-sec-ex-official-shares-important-updates-as-august-15-nears/

[3] Coindoo, https://coindoo.com/ripple-vs-sec-could-end-on-august-15-what-xrp-holders-should-know/

[4] CryptoDnes.bg, https://cryptodnes.bg/en/will-sec-end-the-xrp-legal-saga-countdown-to-august-15/

[5] AOL.com, https://www.aol.com/xrp-ever-reach-10-101500872.html