While many had hoped that the long-running XRP lawsuit was finally approaching a resolution, the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains unresolved.
Recently, Ripple formally withdrew its appeal, a move seen by some as a step toward closure. However, the SEC has not yet taken similar action, leaving the case in legal limbo.
According to legal expert Bill Morgan, there is currently no formal deadline for the SEC to withdraw its appeal. However, the agency is required to submit a status report to the U.S. Court of Appeals by August 15, 2025, meaning key developments may emerge in the next two weeks. Legal observers are closely watching this deadline for potential shifts in the case’s trajectory.
At the heart of the lawsuit is the debate over whether XRP sales constitute unregistered securities offerings. A pivotal 2023 ruling clarified that Ripple’s institutional sales of XRP were deemed securities transactions, while programmatic sales—those made via exchanges—were not.
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Although both parties have explored paths toward settlement, a proposed agreement was rejected by the court, underscoring that the legal process is far from complete. Until the SEC makes its next move or a definitive ruling is issued, regulatory uncertainty surrounding XRP continues to cloud the market.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
