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XRP Case Update: SEC to Deliberate Ripple’s Decision to Withdraw Its Appeal Today
A critical moment in the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is set to unfold today. At 03:00 UTC, the SEC is expected to hold an internal deliberation to decide on Ripple’s decision to withdraw its appeal, according to Coindesk.
The outcome may permanently cement XRP’s non-security status under U.S. law—a development that could potentially lift the regulatory cloud that has hovered over the token for years.
Ripple vs. SEC: A Brief Overview
The case stems from a December 2020 lawsuit in which the SEC alleged that Ripple’s sale of XRP constituted an unregistered securities offering. However, in July 2023, U.S. District Judge Analisa Torres ruled that while Ripple’s institutional sales violated securities laws, XRP’s sale on public exchanges did not—a partial win for Ripple.
In early 2024, both Ripple and the SEC filed appeals. Ripple sought to overturn the institutional ruling, while the SEC aimed to challenge XRP’s non-security status on secondary markets. By June 2025, Ripple announced its decision to withdraw its appeal, following a failed settlement attempt. The company has also agreed to pay a $125 million fine, currently held in escrow, demonstrating a strong desire to put the matter behind it.
However, the SEC has yet to follow through with its withdrawal, keeping the case in limbo.
The SEC’s internal deliberation today may determine whether the agency will formally drop its appeal. If approved, Judge Torres’ 2023 ruling would stand as the final legal word on XRP’s regulatory status in the U.S.
Time is of the essence as both parties are due to file a joint status report with the Second Circuit Court by August 15, outlining next steps.
Legal experts say today’s vote may be the SEC’s last chance to avoid dragging the case further.
Source: timestabloid.com
