Ripple (XRP) vs SEC Case as of August 7: Plans to Drop Appeals

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.