XRP News Today: SEC Near Internal Vote on XRP Lawsuit Dismissal Before August 15 Deadline

Legal analyst Bill Morgan has predicted that the U.S. Securities and Exchange Commission (SEC) will more likely than not dismiss its appeal in the long-running XRP lawsuit before August 15, 2025 [1]. This projection comes as the SEC prepares for an internal vote on the matter, with a closed-door meeting scheduled for August 7 as a potential venue for such a decision [9]. If approved, the agency is expected to make a public announcement within weeks [10]. The timeline aligns with previous statements from former SEC attorney Marc Fagel, who noted that the dismissal of the appeal is plausible before the August 15 deadline, though he emphasized it is not guaranteed [4].

The legal proceedings have reached a pivotal stage, as Judge Analisa Torres has stepped back from the case, leaving the final decision in the hands of the SEC commissioners. A key development in the case is the $125 million civil penalty that Ripple placed in escrow. This amount remains untouched, and according to legal experts, it will not be transferred to the U.S. Treasury until both the SEC and Ripple formally dismiss their appeals [3]. Previous attempts by either side to reduce the fine or lift the injunction have been unsuccessful, making the August 15 deadline a crucial procedural marker [11].

Market participants are closely watching the developments, as the case’s outcome could significantly influence the price of XRP. Whale activity has increased, with large transfers being recorded, and institutional investors reportedly shifting capital from Bitcoin to XRP [12]. Analysts have identified potential price targets for XRP in the near term, with key levels expected to be around $3.03, $3.13, and $3.30, depending on trading volume and sentiment [13]. A favorable ruling for Ripple could spark renewed interest in the cryptocurrency and validate its status outside the traditional securities framework.

The broader cryptocurrency industry is also watching the case with keen interest, as it represents one of the most significant regulatory challenges in the sector. A dismissal of the SEC’s appeal would set a precedent for how tokens are treated under U.S. securities law and could influence future enforcement actions. Ripple’s Chief Legal Officer has publicly praised SEC Chair Paul Atkins, signaling a shift in tone ahead of the August 15 filing window [7]. This gesture, combined with internal legal assessments from both parties, suggests that the case may conclude without further litigation.

As the SEC finalizes its internal discussions, the market remains in a state of anticipation. The resolution could have far-reaching implications for XRP and other digital assets facing similar scrutiny. Investors, traders, and legal observers are all turning their attention toward the August 15 deadline, hoping for clarity on one of the most high-profile legal cases in the crypto space.

Sources:

[1] CoinGape, [https://coingape.com/lawyer-predicts-xrp-lawsuit-dismissal-more-likely-to-happen-than-not-before-august-15th/](https://coingape.com/lawyer-predicts-xrp-lawsuit-dismissal-more-likely-to-happen-than-not-before-august-15th/)

[3] Coinpedia, [https://coinpedia.org/news/xrp-lawsuit-ex-sec-lawyer-reveals-if-ripple-has-already-paid-the-125-million-fine/](https://coinpedia.org/news/xrp-lawsuit-ex-sec-lawyer-reveals-if-ripple-has-already-paid-the-125-million-fine/)

[4] AInvest, [https://www.ainvest.com/news/ripple-sec-case-nears-resolution-dismissal-process-gains-momentum-2508/](https://www.ainvest.com/news/ripple-sec-case-nears-resolution-dismissal-process-gains-momentum-2508/)

[7] CoinGape, [https://coingape.com/ripple-clo-commends-sec-chief-ahead-of-august-15th-status-report-deadline-is-xrp-lawsuit-finally-ending/](https://coingape.com/ripple-clo-commends-sec-chief-ahead-of-august-15th-status-report-deadline-is-xrp-lawsuit-finally-ending/)

[9] The Coin Republic, [https://www.thecoinrepublic.com/2025/08/05/xrp-news-whales-buy-big-as-us-sec-votes-on-ripple-lawsuit-dismissal-this-week/](https://www.thecoinrepublic.com/2025/08/05/xrp-news-whales-buy-big-as-us-sec-votes-on-ripple-lawsuit-dismissal-this-week/)