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 on August 7, the SEC is expected to hold an internal deliberation to decide on Ripple’s decision to withdraw its appeal, according to Coindesk. The outcome could permanently cement XRP’s non-security status under U.S. law—a development that may finally lift the regulatory cloud that has hovered over the token for years. Ripple vs. SEC: Where Things Stand 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 the 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. What Today’s Hearing Means The SEC’s internal deliberation—scheduled for 03:00 UTC today—is expected to determine whether the agency will formally drop its appeal. If approved, Judge Torres’s 2023 ruling would stand as the final legal word on XRP’s regulatory status in the U.S. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The decision is time-sensitive. 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. A Turning Point for XRP A formal end to the SEC’s appeal would have profound implications for XRP and the broader crypto space. With legal clarity restored, Ripple could fully activate previously paused partnerships—some reportedly under non-disclosure agreements with over 1,700 institutions—and institutional products such as spot XRP ETFs could gain traction. Investor sentiment has already turned bullish. XRP recently surged past $3, with traders anticipating a regulatory breakthrough. A definitive ruling could unlock further upside and reestablish Ripple as a central player in the U.S. crypto market. As the SEC meets behind closed doors today, the crypto industry watches closely. The outcome may define not only XRP’s future, but also the regulatory tone for crypto in America. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Case Update: SEC to Deliberate Ripple’s Decision to Withdraw Its Appeal Today appeared first on Times Tabloid .

Source: TimesTabloid