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XRP News: Are July 3 and August 15 Important for the Ripple-SEC Lawsuit?
There has been a considerable amount of discussion online about key 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 (formerly Twitter) that Ripple is officially dropping its cross-appeal in the long-running case with the U.S. Securities and Exchange Commission (SEC). He also stated that the SEC is expected to drop its appeal as well, as previously indicated.
This raises questions about what happens next. A user asked, “Since Ripple announced they will not appeal Judge Analisa Torres’ ruling. What is 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. Following that, both Ripple and the SEC must submit legal papers confirming the dismissal. Only then will the court’s earlier ruling take full effect.
When this process is expected to occur remains unclear. Fagel emphasized that no one knows the exact dates. Some individuals had suggested July 3 or August 15 as possible milestones, but Fagel clarified that these dates have no official connection to the case’s current progress.
For now, it appears we are in a waiting game. The dismissals are anticipated to occur within weeks, and while this might happen quickly, it may also take a little longer. To summarize, there is no major decision expected on July 3 or August 15. The legal process is advancing, but the exact dates remain uncertain.
Source: coinpedia.org
