XRP News Today: Ripple Waits as SEC Delays Appeal Dismissal Amid Bureaucratic Process

The ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) remains unresolved despite the company dropping its cross-appeal and paying a $125 million fine months ago. XRP holders and analysts are frustrated by the delayed dismissal of the appeal, which has left the status of the cryptocurrency in a legal limbo [1].

In April 2025, both Ripple and the SEC filed a joint motion with the Second Circuit Court of Appeals to stay their appeals, following a tentative agreement to settle the case, subject to SEC approval [1]. The court granted the request, putting deadlines on hold and requiring a status report within 60 days. This pause extended into June, with subsequent filings seeking more time up to August 15, 2025, pending an indicative ruling on the district court regarding modifications to the injunction and penalty terms [1].

The delay is not due to a lack of action from Ripple. The company has fulfilled its part of the process by withdrawing its cross-appeal and paying the fine. Legal experts suggest the delay is a procedural necessity rather than an intentional slowdown [1]. Former SEC lawyer Marc Fagel explained that the agency must follow a standard enforcement protocol, including writing staff action memos, conducting division-level reviews, and securing a formal vote by commissioners. This process typically takes one to two months to complete [1].

Fagel clarified that there are no secret meetings or votes affecting the case. Rumors of a “fourth meeting” or closed-door discussions have been debunked. The SEC’s weekly meetings follow a standard agenda and rarely address individual enforcement cases like Ripple’s [1]. According to Fagel, the public assumption of clandestine discussions stems from a misreading of the SEC’s routine procedural updates.

The unresolved case has broader implications for the XRP market and the wider cryptocurrency industry. Until both parties officially withdraw their appeals, Judge Analisa Torres’ ruling—partially exonerating programmatic XRP sales to retail investors while finding institutional sales to be violations—remains non-final. Clarity on institutional sales is critical for regulatory confidence and market adoption [1].

Companies and regulators are waiting for final legal clarity before launching XRP-related products. A formal dismissal could pave the way for broader adoption and institutional use, but decisions remain on hold until the legal process concludes [1]. Investor sentiment has also been affected, with rumors of secret meetings causing price volatility and confusion.

Based on the latest developments, the delay in dismissing the appeal is not driven by secrecy or resistance but by the standard bureaucratic pace of the SEC’s enforcement process. Ripple has completed its obligations by withdrawing its cross-appeal and paying the fine. Now, the responsibility lies with the SEC to complete its internal reviews and secure a commissioner’s vote to lift its appeal [1]. With August 15, 2025, approaching as a key deadline for a joint status update, the industry awaits clarity on the future of XRP and the resolution of the long-standing legal dispute.

Source: [1] CoinMarketCap Community - [https://coinmarketcap.com/community/articles/6891d03b6bff854831433131/](https://coinmarketcap.com/community/articles/6891d03b6bff854831433131/)