TLDR
- Ripple’s legal appeal with the SEC is still active despite public claims that it was dropped.
- No formal dismissal has been filed by Ripple or the SEC in the ongoing legal case.
- The SEC must complete internal reviews and a formal vote before submitting any dismissal.
- Ripple is waiting for a joint filing with the SEC to ensure legal clarity and closure.
- The $125 million fine from Ripple is already in escrow and ready for release once filings are complete.
Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) remains unresolved despite public perceptions. Although Ripple publicly stated its intent to drop the appeal, it has not filed any formal withdrawal. The case continues to remain open in the court system, awaiting necessary legal documentation from both sides.
This revelation contradicts public interpretations made earlier in June, particularly following statements from Ripple’s leadership. Despite suggesting closure, no joint motion or dismissal has been filed with the court. The appeal stage is still active and pending the completion of formal procedures.
Although Ripple indicated its intention to drop the cross-appeal, it failed to complete the legal steps required. The misunderstanding stems from a gap between public statements and official court actions. Legal analysts have confirmed that Ripple has taken no steps to officially close the appeal.
Legal Proceedings Remain Open Despite Public Announcements
Public remarks led many to assume Ripple’s appeal had ended, yet no withdrawal was legally submitted. Analysts confirmed that Ripple has not filed to remove its appeal, and the SEC has not filed its own dismissal. Ripple’s cross-appeal remains on record in the federal system.
🚨RIPPLE NEVER DROPPED ITS APPEAL?!
The crypto world thought it was over.
But a former SEC attorney just exposed the truth:Ripple’s appeal is STILL ALIVE — and the SEC hasn’t filed dismissal either.
Let’s unpack the facts behind the chaos 👇 pic.twitter.com/1gFqWVq6ay
— Diana (@InvestWithD) August 4, 2025
According to former SEC legal counsel Marc Fagel, Ripple’s appeal remains intact and legally active. Court records reflect no changes in the case’s current legal status. Therefore, the legal process is ongoing, and public interpretation has not aligned with the actual proceedings.
Internal processes at the SEC are partly responsible for the delay in closing the case. Any formal filing requires internal reviews and a commission vote before submission. Ripple is waiting for the SEC to complete this process to ensure a joint and final dismissal.
Ripple’s Strategy Focuses on Legal Finality
Ripple is not unprepared or hesitant but is aligning its steps with procedural timing. The company is awaiting a coordinated move with the SEC for clarity and legal closure. This joint filing is necessary for finalizing all terms, including the financial settlement.
Ripple has already placed the $125 million penalty in escrow, demonstrating readiness to fulfill obligations immediately. Once both parties complete their paperwork, the escrowed funds will be released to the SEC. This move reflects Ripple’s commitment to ending the matter without delay.
Ripple’s intent to resolve the issue has not changed, but formal procedures have slowed progress. Both parties must act together to finalize the appeal withdrawal. Until this coordinated action occurs, the court will consider the case open and active.
Judge’s Role Ends, but XRP Ruling Stands
Judge Analisa Torres delivered a critical 2023 ruling on XRP’s secondary market sales, which remains valid. However, she no longer has jurisdiction over the current case. Once the appeal process formally concludes, her ruling will stand as final.
There will be no further proceedings unless Ripple violates settlement terms, which appears unlikely. The remaining step is a joint dismissal filing from both Ripple and the SEC. The delay is procedural and does not indicate a reversal in position.
Ripple’s legal position remains unchanged, and the end of this long-standing case is approaching. The next movement is expected within weeks, pending final SEC processes. The XRP community awaits closure as official actions are finalized.
