TLDR
- Ripple Awaits SEC Move as Case Nears End After $125M Penalty Payment
- SEC Delay Fuels XRP Frustration Despite Ripple Dropping Cross-Appeal
- XRP Case Lingers as SEC Mulls Action, Ripple Pushes for Final Closure
- Ripple Fulfills Legal Duties; SEC Inaction Stalls Lawsuit Resolution
- XRP Community Eyes SEC Meeting as Ripple Case Awaits Final Decision
Ripple could see a major step forward today as the SEC holds a closed-door meeting at 2:00 PM ET. The agenda includes “resolution of litigation claims,” which has intensified speculation around a potential conclusion to the SEC’s case. The XRP community anticipates that the SEC might vote to withdraw its long-standing appeal against Ripple.
🚨BREAKING: SEC Closed Meeting is today!
Will they announce the end of the @Ripple case? #XRP pic.twitter.com/6wAoFJ5pUj
— JackTheRippler ©️ (@RippleXrpie) July 31, 2025
The SEC initiated legal action in December 2020, claiming Ripple sold XRP as unregistered securities. In July 2023, Judge Analisa Torres issued a partial ruling, stating institutional sales violated the law, but public sales did not. Since then, Ripple has paid penalties and dropped its own appeal to close the matter.
However, the case remains open because the SEC has not withdrawn its appeal. Ripple fulfilled its part by paying $125 million and dropping its cross-appeal in June 2025. Now, procedural resolution hinges entirely on the SEC’s next move.
XRP Lawsuit Status: SEC Delays Stir Concern
Ripple moved quickly after the court ruling, but the SEC has shown no urgency in ending the case. Despite several closed-door meetings, including on July 17 and 24, the commission has not finalized its decision. This delay has raised questions about transparency and regulatory intent.
Ripple took just two days to dismiss its appeal, signaling clear intent to conclude proceedings. The SEC, however, continues to deliberate over an appeal it has not advanced publicly. This has led to mounting frustration within the XRP ecosystem and broader legal observers.
Does the SEC have a deadline to report to the appellate court? Is it August 15th or is that something different?
— Satvinder Sagoo (@satysagoo) July 28, 2025
The next formal step is the August 15 status report deadline, which could bring updates. Ripple is expected to file final dismissal papers ahead of that date, per standard legal timelines. Yet without SEC action, the case remains unresolved and procedurally stagnant.
Ripple’s Position: Compliance Completed, Action Pending
Ripple has completed all required payments and met its legal obligations, including a civil penalty of $125 million. The company also voluntarily dropped its cross-appeal, signaling a desire to move forward. The SEC now holds the key to final resolution.
Former SEC attorney Marc Fagel has noted that Ripple’s actions align with routine legal procedure. He also suggested that both parties are likely nearing a full conclusion to the case. However, the absence of formal SEC filings continues to stall the process.
Ripple CEO Brad Garlinghouse previously confirmed plans to drop the appeal, which the company later executed. Since then, the legal strategy appears aimed at closing the case through procedural finality. The delay by the SEC remains the last unresolved component of this high-profile litigation.
