XRP News Today: Ripple-SEC Legal Battle Nears Resolution as Ripple Drops Cross-Appeal

Ripple, the company behind the cryptocurrency XRP, has made significant progress in its legal battle with the U.S. Securities and Exchange Commission (SEC). On June 27, 2025, Ripple announced its readiness to drop its cross-appeal, indicating a potential resolution to the long-standing dispute. However, the SEC has yet to formally withdraw its appeal, leaving the outcome uncertain. Former SEC lawyer Marc Fagel has suggested that the regulator could officially end its appeal by the end of 2025, based on the current trajectory of the case.

Fagel clarified that the legal processes inside the SEC do not move quickly. After XRP supporter John Squire posted that the SEC could announce the endgame at any moment, Fagel responded that it typically takes a month or two to vote on an enforcement recommendation. He emphasized that the SEC's internal process requires a vote by the Commission, which has not yet occurred. Until this vote happens, the appeal technically remains open.

Once the SEC completes its internal process and approves the withdrawal, both parties must jointly notify the court. Only then will Judge Analisa Torres’s previous rulings and penalties fully take effect, officially closing the case. Fagel's explanation provides a reality check for the XRP community, reminding them that while the legal endgame is in motion, it will not arrive overnight. The wheels of regulatory enforcement turn slowly, but they do turn.

Legal experts suggest that, barring any complications, the appeal could be dropped within the next couple of months. This timeline aligns with Fagel’s understanding of how the SEC typically handles enforcement resolution. Judge Torres is no longer actively involved in the case; her rulings stand, and there is nothing more for the court to do until both parties submit formal notice of appeal withdrawals. Once that happens, the court will automatically close the matter—no further hearings or judicial action are required.

Fagel’s detailed explanation breaks down the path forward: the SEC must first vote internally to drop its appeal. Then, both sides will file a joint dismissal. Only after this procedural process is complete will the Ripple case be officially closed. The potential resolution of the Ripple-SEC case could have significant implications for the cryptocurrency industry. If the SEC drops its appeal, it would be a major victory for Ripple and could pave the way for greater clarity and certainty in the regulation of digital assets. However, if the SEC continues to pursue its case, it could result in further legal uncertainty and potential market volatility.