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XRP News: Are July 3 and August 15 Important for the Ripple-SEC Lawsuit?
There has been a significant amount of discussion online regarding important dates in the ongoing Ripple vs. SEC case, particularly July 3 and August 15. However, according to legal experts, neither of these dates holds any official significance in the lawsuit.
Recently, Ripple CEO Brad Garlinghouse announced on X that Ripple is officially dropping its cross-appeal in the long-running case with the U.S. Securities and Exchange Commission (SEC). He also mentioned that the SEC is expected to drop its appeal too, as previously indicated.
As a result, a user asked, “Since Ripple has announced they will not appeal Judge Analisa Torres’ 2nd ruling, what happens next for the SEC, Ripple, and the Court?” Former SEC lawyer Marc Fagel explained that the SEC still needs to hold a vote to officially dismiss its appeal. After that, both Ripple and the SEC must submit legal papers confirming the dismissal. Only then will the court’s earlier ruling take full effect.
Regarding when this might happen, there is no confirmed timeline. Fagel made it clear that no one knows the exact dates. Some people had suggested July 3 or August 15 as possible milestones, but Fagel stated that these dates have no official connection to the case’s current process.
In short, there will be no significant development on July 3 and August 15 in regards to the Ripple-SEC lawsuit. The legal process is moving forward, but exact dates remain uncertain.
Source: coinpedia.org
