SEC Must Submit Joint Status Report in Ripple Lawsuit by August 15, 2025
The Ripple vs. SEC lawsuit is approaching a significant phase, but the outcome remains uncertain. Ripple has withdrawn its cross-appeal and settled a $125 million penalty, while the SEC has not yet done the same.
Key Dates and Developments
- August 15, 2025, is a procedural checkpoint requiring both parties to submit a joint status report to the appellate court.
- The SEC is not legally obligated to dismiss its appeal by this date but must provide an update or request more time.
- The SEC filed an appeal in October 2024 following Judge Torres’s ruling that XRP is not a security for secondary market trading.
Potential Outcomes
- If the SEC withdraws its appeal soon, the May 2023 ruling becomes final, ending the legal battle and allowing partnerships tied to Ripple to be disclosed.
- Legal clarity could facilitate institutional products like Spot XRP ETFs, potentially increasing XRP's price.
- If the SEC requests more time around August 15, it may delay XRP's growth and maintain regulatory uncertainty.
