XRP News Today: SEC Filing Deadline Looms as Ripple Awaits Legal Closure

As of July 30, 2025, the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to draw attention, with a key procedural date—August 15—approaching. Legal expert Bill Morgan has emphasized that while the SEC is not legally required to withdraw its appeal by this date, it must submit a status report to the appellate court by then. This requirement effectively creates a de facto deadline for the agency to act, whether by withdrawing its appeal, requesting more time, or updating the court on its intentions [1]. Morgan anticipates a significant development within the next two weeks [1].

The case, which began in December 2020, saw a landmark ruling from U.S. District Judge Analisa Torres in July 2023. She found that XRP sales on secondary markets, such as exchanges, did not qualify as securities, while institutional sales did. This ruling led to a $125 million penalty for Ripple. Both parties appealed: Ripple contested the institutional sales portion, and the SEC challenged the secondary market ruling. However, Ripple CEO Brad Garlinghouse announced on June 27, 2025, that the company had withdrawn its cross-appeal, signaling its intent to move on from the legal matter. Garlinghouse also suggested the SEC was expected to follow suit, though no such confirmation has been issued as of July 30 [1].

The impending August 15 deadline is critical for both sides. While the SEC is not bound to a formal cutoff, former SEC attorney Marc Fagel has noted that the agency likely needs time for internal procedures, including commissioner votes, to finalize its decision [1]. Analysts suggest a high probability that the SEC will drop its appeal by or before this date [1].

The outcome of the case holds significant implications for XRP and the broader crypto market. If the SEC withdraws its appeal, the 2023 ruling will become final, providing much-needed regulatory clarity. This would affirm that XRP is not a security when traded on public exchanges and could open the door for Ripple to expand operations in the U.S., pursue institutional partnerships, and move closer to obtaining a national banking license [1]. On the other hand, a continued legal battle would prolong uncertainty and stall broader regulatory progress for the crypto industry [1].

In recent weeks, XRP has shown signs of volatility. On July 30, the token fell 15% amid uncertainty over the lawsuit and broader market conditions. A further decline of 0.75% occurred on August 1 following Ripple’s submission of a legal notice regarding the SEC penalty dispute [5][9]. Analysts from FXLeaders have speculated that XRP could see a 50% price rally in mid-August if the SEC drops its appeal, citing factors such as potential ETF approvals and hidden partnerships. However, such forecasts remain speculative and should not be treated as guaranteed outcomes [2].

With less than two weeks until August 15, the market is closely watching for the SEC’s next move. Both Ripple and its legal team are seen as ready to close the chapter, while the broader XRP community and institutional investors remain in wait for resolution. A withdrawal of the SEC’s appeal would not only mark a major victory for Ripple but could also set a precedent for regulatory clarity in the U.S. crypto space [1].

Source:

[1] The Crypto Basic. (2025, July 30). Legal Expert Says There Is No Deadline for the SEC to Withdraw Its Appeal on Ripple. https://thecryptobasic.com/2025/07/30/legal-expert-says-there-is-no-deadline-for-the-sec-to-withdraw-its-appeal-on-ripple/

[2] FXLeaders. (2025, July 28). XRP Price Could Surge 50% in August if SEC Drops Ripple Appeal. https://www.fxleaders.com/news/2025/07/30/xrp-price-could-surge-50-in-august-if-sec-drops-ripple-appeal/

[5] AInvest. (2025, July 27). XRP News Today: XRP Dips 15% Amid SEC Legal Uncertainty and Market Volatility. https://www.ainvest.com/news/xrp-news-today-xrp-dips-15-sec-legal-uncertainty-market-volatility-2507/

[9] TradersUnion. (2025, July 29). XRP Price Slips 0.75% as Ripple Files Legal Notice on SEC Penalty Dispute. https://tradersunion.com/news/cryptocurrency-news/show/407415-xrp-weakens-after/