XRP News Today: SEC Fails to Withdraw Ripple Appeal as August 2025 Deadline Looms

The U.S. Securities and Exchange Commission (SEC) has yet to withdraw its appeal in the ongoing legal battle with Ripple Labs, despite the company’s June announcement to drop its cross-appeal and its $125 million penalty payment to the regulator. The case, which has spanned over five years, remains in a procedural limbo as it nears what is expected to be a critical moment. Pro-XRP attorney Bill Morgan has highlighted that the SEC is not bound by a legal deadline to dismiss its case but will be required to submit a joint status report to the appellate court by August 15, 2025. This date serves as a procedural marker for both parties and is widely seen as a window for the SEC to act [1].

The delay has left the XRP community in anticipation since October 2024, when the SEC filed a notice of appeal against Judge Torres’ 2023 ruling that XRP is not a security in secondary market trading. While there is consensus that the SEC is likely to mirror Ripple’s decision and drop its appeal, the uncertainty remains. If the SEC withdraws its appeal, it would finalize the 2023 ruling, effectively ending the legal battle and triggering a wave of market developments. Notably, over 1,700 companies bound by non-disclosure agreements with Ripple could now disclose projects built on the XRP Ledger. Additionally, institutional-grade financial products such as Spot XRP ETFs could be fast-tracked for approval, potentially driving a sharp increase in XRP’s price [1].

Conversely, should the SEC request an extension around August 15, 2025, it would prolong the regulatory uncertainty surrounding XRP. This delay could hinder investor confidence and slow market progress, despite the legal victories already secured by Ripple. The regulatory limbo has been a restraining factor for both institutional and retail investors, who are eager for clarity. If the SEC does not withdraw its appeal and instead seeks more time, the next phase of XRP’s market growth will be delayed, prolonging the uncertainty that has marked this case for years [1].

At the time of reporting, XRP was trading at $2.93, according to the 1D chart on Tradingview.com [1].

Source: [1] SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe (https://www.newsbtc.com/news/ripple/us-sec-and-ripple-lawsuit/)