Ripple (XRP) vs SEC Case as of August 7: Plans to Drop Appeals
Main Idea
The Ripple vs SEC case may see both parties dropping their appeals by August 15, potentially marking the end of the legal battle, as indicated by a scheduled joint status update and insights from a former SEC attorney.
Key Points
1. A joint status update is scheduled for August 15, which may confirm if Ripple and the SEC will drop their appeals, signaling the end of the lawsuit.
2. Former SEC attorney Marc Fagel suggested that dismissals are being processed and both parties may avoid further delays or extensions.
3. Ripple announced in late June its intention to drop its cross-appeal, and the community expects the SEC to follow suit, though no formal withdrawal has been recorded.
4. The case's resolution could involve a settlement agreement, potentially reducing Ripple's penalty and clarifying XRP's status as a non-security.
5. Both parties appear eager to conclude the legal battle, with August 15 being a key date for potential finalization.
Description
As the long-running legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission nears another procedural milestone, attention is shifting to whether both parties will meet the court-imposed deadline of August 15. That date marks the scheduled filing of a joint status update , which is expected to clarify the standing of remaining appeals in the case. The potential for a decisive conclusion or a further extension has led to renewed analysis of the parties’ likely strategies....
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