The cryptocurrency community is closely following the progress of the long-running lawsuit between the US Securities and Exchange Commission (SEC) and Ripple.
While it was hoped that the years-long XRP lawsuit was nearing an end, Ripple withdrew its appeal, but the SEC has yet to take similar action.
Legal expert Bill Morgan stated that while there is no official deadline for the SEC to withdraw its appeal, it must submit a report to the U.S. Court of Appeals by August 15, 2025. Significant developments are anticipated in the next two weeks.
The case centers on whether Ripple's XRP sales constitute unregistered securities sales. In 2023, the court ruled that Ripple's institutional sales were securities transactions, but programmatic sales conducted through exchanges were not.
Although the two sides sought a compromise, the court rejected the agreement, indicating that the process is not yet fully concluded and regulatory uncertainty remains.
*This is not investment advice.
