TLDR
- Bill Morgan suggests the Ripple-SEC appeal may be dismissed before August 15.
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Ripple committed to dismissing its appeal, but conditions were not met earlier.
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The SEC is expected to decide soon on the dismissal of its appeal in the case.
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XRP adoption is increasing as the lawsuit nears its likely resolution.
Lawyer Bill Morgan has stated that it is more likely than not that the Ripple-SEC lawsuit appeal will be dismissed before the August 15 deadline for a status report. This prediction comes as confidence grows among legal experts that the case is nearing its resolution.
Morgan shared his insights on social media, explaining that the case could be concluded before the upcoming status report deadline. While August 15 marks a date for the parties to report on the appeal’s progress, it is not a mandatory deadline for dismissing the appeal. Morgan further clarified that Judge Analisa Torres has already completed her role in the case. The remaining actions are now in the hands of the SEC and Ripple.
Ripple-SEC lawsuit Context and Status of Appeals
According to Morgan, there is no pending decision from Judge Torres regarding the Ripple-SEC lawsuit. The judge’s involvement has concluded, and the final steps are tied to the actions of the SEC and Ripple. Specifically, the SEC and Ripple must decide whether to officially dismiss their respective appeals.
The 🧵 contains inaccuracies. There is no decision pending from the Court.
Judge Torres’ role is over.
We are just waiting for the SEC commissioners to vote on dismissing the Appeal and the parties to take that final step dismissing their respective appeals.
Ripple already… https://t.co/ZTQozwlVv9
— bill morgan (@Belisarius2020) August 5, 2025
Morgan also pointed out that Ripple had previously agreed to drop its appeal and even entered into a conditional settlement agreement with the SEC. However, certain conditions for this settlement were not met, and the appeals remain active for now.
Former SEC attorney Marc Fagel echoed Morgan’s statements, confirming that Judge Torres has no further decisions to make. Any remaining action will depend solely on the decisions of the two parties involved. Fagel also addressed rumors about Ripple’s financial penalty, confirming that Ripple had deposited the $125 million penalty into an escrow account. However, the funds are unlikely to be released until the appeals are fully resolved.
XRP Adoption Increases as Lawsuit Nears Resolution
As the Ripple-SEC case approaches a likely conclusion, XRP adoption has been growing steadily. Several companies have publicly disclosed their holdings of XRP, signaling a shift in confidence toward the cryptocurrency.
Recently, companies like Flora Growth Corp and Hyperscale Data Inc. filed SEC documents showing that they hold XRP on their balance sheets.
In addition, Hyperscale’s subsidiary, Ault Capital Group, announced plans to invest $10 million in XRP, signaling their intention to use the token for cross-border settlements. Similarly, vertical farming company Nature’s Miracle revealed a $20 million XRP treasury initiative, reinforcing its long-term commitment to XRP.
Potential for Ripple-SEC lawsuit Settlement
As the August 15 deadline approaches, there is growing speculation about a possible settlement. Some analysts believe the odds of a settlement are high, with estimates ranging from 70% to 90%.
If a settlement is reached, it may involve a reduced penalty of $50 million, with no injunctive restrictions placed on Ripple’s activities.
Bill Morgan remains confident that the appeals will be dismissed soon, possibly before the August 15 status report deadline. He noted that it seems unlikely that an extension will be requested. With increasing corporate interest in XRP and the case nearing resolution, both Ripple and the SEC may be eager to bring the lawsuit to a close.
