XRP News Today: Ripple-SEC Case Decision Likely Soon Says Former SEC Official

In the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a former SEC official has clarified rumors about a potential decision on July 17. Marc Fagel, a former SEC Regional Director and legal analyst, addressed speculation that the SEC might vote to drop its appeal against Ripple during its upcoming closed meeting on July 17. Fagel emphasized that the contents and outcomes of these meetings are confidential and that no one outside the SEC can predict the agenda or decisions in advance.

Fagel stated that the SEC holds closed meetings every Thursday to discuss confidential matters, including enforcement actions and litigation strategies. He dismissed the idea that anyone outside the SEC could know the specifics of these meetings, asserting that while the SEC will likely vote to dismiss the Ripple appeal in the coming weeks, the exact timing is unknown to outsiders.

In recent weeks, the XRP community has been hopeful about potential decision dates, particularly July 3 and July 10, when the SEC held its regular closed-door meetings. Each time, there were high expectations that the Commission might vote on dismissing its appeal, but no announcement followed. This silence has fueled more speculation around July 17 as the next likely window for a decision.

Fagel’s comments provide valuable context. The SEC’s closed meetings are held weekly to deliberate on confidential matters, and the agendas are not made public. Decisions are not disclosed immediately unless formal action is taken and announced. This makes any prediction about specific votes purely speculative.

The Ripple-SEC case reached a critical point in late June. On June 26, 2025, U.S. District Judge Analisa Torres rejected a proposed joint settlement that would have officially closed the case. The next day, Ripple CEO Brad Garlinghouse announced that the company would no longer pursue its counter-appeal. With Ripple stepping back, the spotlight turned to the SEC, which is now expected to drop its appeal as well.

Although no official action has yet been announced, Fagel reiterated that the Commission will likely vote to dismiss its appeal soon. However, he stressed that the timing of such a vote remains known only to SEC insiders.

With the case dragging into its fourth year, XRP investors and the broader crypto industry are eager for a resolution. Fagel’s insights serve as a reminder that regulatory actions often unfold quietly behind closed doors. The outcome may be within reach, but the exact moment of decision remains uncertain.

For now, the XRP community continues to watch and wait, hopeful that the SEC’s long-running case will soon be brought to an official close.