Ripple vs. SEC: Settlement Vote Expected Within 30 Days
1min read The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is approaching its conclusion, with both parties having withdrawn their appeals. The focus has now shifted to the next steps in the process. However, a recent claim by an XRP community member suggests that the SEC may not make an official announcement regarding the case until August 7, raising questions about a potential delay.
Ask Aime: What's next in the Ripple-SEC legal battle?
Ripple's legal chief, Stuart Alderoty, has indicated that all necessary paperwork for a settlement has been prepared. The next crucial step is for the SEC Commission to vote on the matter within the next 30 days. Following this vote, the SEC is expected to lift the injunction imposed on Ripple. If Ripple complies with the process, Judge Analisa Torres will then sign off on the motion, officially closing the case.
Adding to the speculation, an XRP supporter named Brett recently claimed on social media that the SEC would not make any official announcement on the lawsuit until August 7, citing a court document as his source. This post quickly gained attention, with some in the community viewing it as a significant development. However, others have questioned the relevance of the document, which was from last year, and its applicability to the current situation. Former SEC lawyer Marc Fagel dismissed the claim as "stupid and wrong," further dividing the XRP community on what to believe.
Despite both the SEC and Ripple having withdrawn their appeals, the agency has yet to make an official announcement, leading to speculation that the case may already be settled. Legal complexities could be causing a delay. Fox Business journalist Eleanor Terrett suggested that the SEC might be waiting to ask Judge Torres to remove the injunction—a step that is different from how other cases have been handled.
For now, XRP holders are eagerly awaiting clarity, hoping that the lawsuit’s resolution will bring long-awaited regulatory certainty to Ripple and its token. The potential resolution of the Ripple vs. SEC lawsuit has significant implications for the company and the broader cryptocurrency market. A favorable outcome could reinforce Ripple's standing within the financial technology landscape and boost investor confidence, potentially leading to an XRP price surge. The crypto industry is closely watching the commission's decision, as the final conclusion will influence cryptocurrency regulations in the U.S. Until then, investors will remain watchful, awaiting the latest developments in the XRP news.
