The Ripple-SEC Conflict: What an August Appeal Decision Could Mean for XRP

The prolonged legal dispute between Ripple and the US Securities and Exchange Commission (SEC) may finally be approaching resolution. Notably, a joint appeal withdrawal from both sides could surface in mid-August. Should this occur, the result would mark a pivotal moment for the entire Ripple and XRP landscape. 

As per market analyst Vincent Van Code, the resolution of the case could pave the way for much-anticipated announcements from numerous companies bound by NDAs with Ripple, as well as the potential for new XRP ETF submissions from significant institutions once legal clarity is firmly established.

Ripple vs. SEC Dispute Approaching Conclusion

Ripple’s CEO, Brad Garlinghouse, declared on June 27, 2025, that Ripple has officially rescinded its cross-appeal regarding the SEC’s decision on institutional XRP sales. The SEC is generally anticipated to follow suit and retract its appeal, although as of this writing, no formal withdrawal has yet emerged in court records. 

Nevertheless, a crucial procedural milestone awaits on August 15, 2025, when both parties are obligated to deliver a status report to the appellate court. While this date isn’t the final deadline to close the case, legal professionals, including former SEC attorney Marc Fagel, confirm it is the latest deadline by which advancements must be communicated. 

The ultimate resolution of the case will alleviate the burdens faced by Ripple and its affiliates. Vincent Van Code suggests that up to 1,700 companies with non-disclosure agreements may commence showcasing their collaboration with Ripple or initiating systems built on XRPL and XRP. These organizations have likely remained silent due to regulatory ambiguity but are poised to reveal their plans once the legal matter is conclusively settled.

The analyst further observed that a surge of Spot XRP ETF filings may follow. Bitcoin and Ethereum are already reaping the rewards of ETF products, and XRP is expected to be next in line if the lawsuit is resolved. Major institutional players, those that have previously avoided XRP during the legal impasse, might soon begin trading XRP on a larger scale utilizing Spot ETFs.

Anticipating August 15 – What Lies Ahead?

Although not enforced by the court, August 15 has emerged as a significant milestone in the Ripple vs. SEC timeline, primarily because both parties are expected to utilize it to clarify their positions regarding the pending appeals. If those filings indicate a joint withdrawal, it would confirm the official conclusion of the legal proceedings and provide the regulatory transparency that XRP investors have sought for years.

Ripple has already retracted its cross-appeal, having deposited its $125 million penalty into a bank escrow and expressed its desire to move forward. The SEC has yet to withdraw its appeal, and legal experts, including Bill Morgan, emphasize that there is no formal deadline. However, the consensus is that the SEC will either take action or clarify its position by around August 15. Otherwise, it may request additional time. 

If both sides dismiss their appeals, the May 2023 ruling by Judge Torres will become final. This will affirm that XRP is not classified as a security when traded on public markets.

Featured image from iStock, chart from Tradingview.com

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