TLDR
- Ripple and the SEC are expected to dismiss their appeals in the XRP lawsuit before the August 15 deadline.
- Former SEC lawyer Marc Fagel stated that both parties are following standard legal procedures with no unusual delays.
- The August 15 deadline only requires a status report and does not represent a final decision or settlement date.
- Ripple has already paid the $125 million penalty and is likely preparing to file its dismissal papers soon.
- The SEC is expected to complete its internal voting process before officially dismissing its appeal.
The XRP Lawsuit may see a major procedural step before the August 15 deadline. Former SEC lawyer Marc Fagel believes both Ripple and the SEC could drop their appeals soon. The XRP community continues to monitor the case as both sides prepare for the required status report.
Ripple Expected to Finalize Appeal Dismissal
Ripple has already complied with financial penalties, including a $125 million payment. Marc Fagel indicated that Ripple’s actions align with standard legal procedure. Therefore, observers expect Ripple to submit its dismissal before or near the August 15 deadline.
I believe that’s the date for the parties to report on the status of their appeals. It doesn’t mean it’s a hard deadline by which they must file their dismissal papers, but I assume they will try to do so before then.
— Marc Fagel (@Marc_Fagel) July 28, 2025
The August 15 date refers to a status report requirement, not a settlement or judgment deadline. However, Ripple may still submit dismissal papers in advance. This move would align with procedural norms and simplify ongoing litigation steps.
Although no formal filings have yet occurred, Ripple appears ready to conclude its appeal. Brad Garlinghouse previously announced an intention to drop the company’s appeal. The company now awaits completion of procedural and internal requirements before taking final action.
No Blocks Delay XRP Lawsuit Progress
The SEC is expected to follow its standard internal process before dismissing its own appeal. According to Marc Fagel, the Commission must complete a vote before filing, which usually takes one to two months.
There are no indications of delays from the SEC’s side. Instead, the agency continues moving through normal procedures without any reported setbacks. Fagel emphasized that no legal or administrative blocks exist at this stage of the XRP Lawsuit.
The Commission’s actions mirror what Fagel describes as standard timing in federal cases. Once the vote concludes, the SEC is likely to proceed with dropping the appeal. Thus, observers anticipate that both parties may finalize this phase soon.
Legal Developments Raise Expectations Across XRP Community
The XRP Lawsuit continues to draw significant public and legal interest. While the August 15 deadline does not guarantee resolution, it marks a critical reporting requirement. This date may encourage both Ripple and the SEC to formalize decisions.
Judge Analisa Torres previously denied a joint motion seeking an indicative ruling. That decision left the next move to the parties involved. Therefore, dismissal of appeals would mark a meaningful step in finalizing the XRP Lawsuit.
