XRP News Today: Ripple vs. SEC Case Awaits Key Decision as XRP Whales Accumulate Holdings

Large XRP holders, often referred to as “whales,” have been accumulating significant amounts of the cryptocurrency as the U.S. Securities and Exchange Commission (SEC) is set to make a key decision regarding the status of the Ripple lawsuit this week. The case, which has dragged on for years, centers on whether XRP should be classified as a security under U.S. law. Despite recent public statements suggesting the case might be resolved, no formal dismissal has been filed by either party, and the legal appeal remains active [1].

The SEC filed the lawsuit in December 2020, alleging that Ripple conducted an unregistered securities offering worth approximately $1.3 billion through XRP sales [2]. Ripple has since challenged these claims, arguing that XRP is not a security and should be treated as a commodity. The case has seen several procedural delays, including Ripple’s decision to withdraw its cross-appeal in June 2025. However, the company has already placed the agreed-upon $125 million civil penalty into escrow, a move seen as a concession to facilitate a resolution [3].

Recent statements from Ripple’s Chief Legal Officer (CLO) have added to the speculation that a resolution may be imminent. The CLO has publicly praised SEC Chair Gary Gensler for his regulatory approach, signaling a possible alignment in perspectives [4]. This development has fueled optimism among legal experts and crypto analysts who have grown frustrated by the prolonged nature of the case [5].

Meanwhile, market participants have been closely watching XRP’s price action. The token has maintained a delicate hold above $3.00, though positive sentiment has been largely suppressed due to regulatory uncertainty [6]. The market’s attention has increasingly shifted to the SEC’s next steps, with many anticipating that a resolution—whether dismissal or continued litigation—will bring much-needed clarity to the XRP market and the broader crypto industry.

Despite the ongoing legal uncertainty, Ripple has made clear efforts to comply with regulatory expectations. This includes a willingness to pay the $125 million civil penalty and a public endorsement of the SEC’s evolving regulatory approach. However, an ex-SEC official has confirmed that Ripple’s cross-appeal remains active, and the SEC must follow a standard procedural timeline to finalize any dismissal, which could take several months [7].

The outcome of the Ripple vs. SEC case is expected to have significant implications for the classification of cryptocurrencies under U.S. securities law. A dismissal could set a precedent that XRP is not a security, potentially influencing how other digital assets are treated by regulators. On the other hand, a continuation of the lawsuit may signal continued regulatory scrutiny of crypto projects.

As the SEC prepares to issue its decision this week, market participants, legal experts, and industry observers remain on high alert. The ripple (no pun intended) effects of this decision could extend far beyond the case itself, shaping the future of crypto regulation and investor confidence.

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Source:

[1] Ripple Appeal With SEC Remains Open Pending Joint Legal Dismissal

https://coincentral.com/ripple-appeal-with-sec-remains-open-pending-joint-legal-dismissal/

[2] Real-Time Crypto News, Latest Cryptocurrency Updates

https://www.coinglass.com/news

[3] Why The XRP Lawsuit Has Gone Silent — What Lawyers Say

https://bitcoinist.com/why-the-xrp-lawsuit-has-gone-silent/

[4] Ripple CLO Commends SEC Chief Ahead of August 15th Status Report Deadline

https://coingape.com/ripple-clo-commends-sec-chief-ahead-of-august-15th-status-report-deadline-is-xrp-lawsuit-finally-ending/

[5] Ripple vs SEC Lawsuit Update: Why Is It Taking So Long to Dismiss the Appeal

https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-why-is-it-taking-so-long-to-dismiss-the-appeal/amp/

[6] XRP Price Holds $3 Level as Focus Shifts to SEC Resolving Ripple Lawsuit

https://www.mitrade.com/insights/news/live-news/article-3-1014045-20250805

[7] Ex-SEC Official Confirms Cross-Appeal Still Active

https://www.cryptoboom.com/ripple-vs-sec-ex-sec-official-confirms-cross-appeal-still-active/