XRP News: Are July 3 and August 15 Important for the Ripple-SEC Lawsuit?
The post XRP News: Are July 3 and August 15 Important for the Ripple-SEC Lawsuit? appeared first on Coinpedia Fintech News
There’s been a lot of discussion online about important dates in the ongoing Ripple vs. SEC case, especially July 3 and August 15. But according to legal experts, neither of these dates hold any official importance 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 said that the SEC is expected to drop its appeal too, as previously indicated.
So what happens next?
A user asked, “Since Ripple announced they will not appeal Judge Analisa Torres on the 2nd 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. After that, both Ripple and the SEC will need to submit legal papers confirming the dismissal. Only then will the court’s earlier ruling take full effect.
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When will this happen?
There’s no confirmed timeline. Fagel made it clear that no one knows the exact dates. Some people had said July 3 or August 15 as possible milestones, but Fagel stated those dates have no official connection to the case’s current process.
For now, it’s a waiting game. The dismissals are expected in the coming weeks, and while it could be done quickly, it might also take a little longer.
In short, no big decision is coming on July 3 or August 15. The legal process is moving ahead, but exact dates remain uncertain.
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FAQs
The Ripple vs. SEC lawsuit is officially nearing its end. Ripple CEO Brad Garlinghouse confirmed they are dropping their cross-appeal, and the SEC is expected to follow suit. This puts a full stop to one of crypto’s biggest legal battles.
For the lawsuit to be formally closed, the SEC still needs to hold an official vote to dismiss its appeal. After this, both Ripple and the SEC must submit legal papers confirming the dismissal, which will then make the court’s earlier ruling fully effective.
There is no confirmed timeline for the final dismissal. While the dismissals are expected in the coming weeks and could be quick, legal experts like Marc Fagel emphasize that the exact dates are uncertain. It’s currently a waiting game.
