XRP News Today: Ripple Nears Legal Closure as SEC Dismissal Looms August 15

Ripple continues to play a key role in shaping the evolving U.S. crypto regulatory landscape, particularly as it engages with policymakers on proposed legislation. The company has submitted a detailed response to the U.S. Senate Banking Committee’s request for input on a draft crypto market structure bill, emphasizing the need for clearer regulatory boundaries, especially between the CFTC and SEC. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted the company’s extensive experience with regulators and its commitment to contributing practical, experience-based insights to help build a more effective and transparent framework [1].

In its response, Ripple noted that while the draft aims to establish clarity, it inadvertently introduces new uncertainties, particularly around jurisdictional definitions. The company has called for revisions that would refine the role of the SEC while incorporating the concept of “auxiliary assets,” a term that could help address some of the regulatory ambiguities currently facing the industry. Ripple joins other market participants in providing feedback, a process seen as essential for developing a robust legal foundation for digital assets in the U.S. [2].

The company’s participation in this legislative process coincides with its ongoing legal battle with the SEC, a case that has spanned over four years and has drawn widespread attention from the crypto industry. A resolution appears increasingly likely, with both parties expected to file final withdrawal notices by August 15, 2025. Once the SEC completes its internal vote to dismiss its appeal, Ripple is anticipated to follow suit by withdrawing its cross-appeal. The court docket will then officially record the case as closed [3].

A key aspect of the lawsuit has been the $125 million penalty Ripple has held in escrow. This amount will be transferred to the U.S. Treasury once the case concludes. While some have speculated that Ripple might pay the penalty in XRP, legal experts have indicated this would require a new court order and is not currently expected. Ripple’s CEO, Brad Garlinghouse, has faced growing pressure from the XRP community to clarify the company’s legal strategy, particularly concerning the timing of the countersuit withdrawal [4].

Analysts suggest that a favorable outcome for Ripple could have a positive impact on XRP’s price, currently trading around $3.045. Some forecasts, though speculative, predict a potential rise to $2.50 to $5.00 in 2025, with more ambitious predictions reaching as high as $10, depending on the regulatory environment and institutional adoption [5]. Market observers are closely watching these developments, as the outcome could signal a shift toward a more supportive regulatory framework for crypto innovation in the U.S.

Beyond the immediate legal and market implications, the case has broader significance for the future of digital assets. Judge Analisa Torres’s 2023 ruling, which found that programmatic sales of XRP on exchanges are not securities, has already influenced regulatory discussions. A final resolution could reinforce this precedent, encouraging the development of clearer rules for token offerings, compliance, and real-world applications of blockchain technology [6].

The U.S. regulatory landscape is also evolving, with the SEC recently establishing a Crypto Task Force and signaling a shift away from purely enforcement-based policies. If Ripple prevails, it could set a precedent that benefits other digital assets and paves the way for more crypto-friendly legislation, including potential XRP ETF approvals and clearer guidelines for tokenized asset launches [7].

As the August 15 deadline approaches, the market remains cautiously optimistic. A resolution could bring an end to a lengthy legal dispute while opening the door to a more predictable and supportive environment for crypto innovation in the U.S. For now, the XRP community and investors continue to monitor developments, hoping for a conclusion that will finally lift the cloud of legal uncertainty and allow Ripple to continue its role in shaping the future of digital finance [8].

Source:

[1] Ripple-SEC Lawsuit News: Ripple Inches Toward Final Verdict as August 15 Deadline Looms and New XRP Price Prediction Emerges, Brave New Coin, https://bravenewcoin.com/insights/ripple-sec-lawsuit-news-ripple-inches-toward-final-verdict-as-august-15-deadline-looms-and-new-xrp-price-prediction-emerges