Ripple (XRP) vs SEC Lawsuit Update As of July 30, 2025
Main Idea
The SEC is required to provide a status update on its appeal against Ripple by August 15, 2025, which could lead to significant developments in the ongoing lawsuit over whether XRP is a security.
Key Points
1. The SEC must submit a status update to the U.S. Court of Appeals by August 15, 2025, regarding its appeal against Ripple.
2. In 2023, Judge Analisa Torres ruled that XRP sales on secondary markets were not securities, but the SEC appealed this decision.
3. Ripple CEO Brad Garlinghouse announced the company's intent to appeal, but the SEC has not yet followed through as of July 30, 2025.
4. Legal experts suggest the SEC may withdraw its appeal or request more time, with analysts believing a withdrawal is likely.
5. If the SEC withdraws its appeal, it would confirm XRP's non-security status on public exchanges, reducing regulatory uncertainty.
Description
Legal expert Bill Morgan has confirmed that the U.S. Securities and Exchange Commission (SEC) has not yet withdrawn its appeal in the long-running Ripple case. While there is no official deadline for the SEC to do so, the agency must provide a status update to the U.S. Court of Appeals by August 15, 2025. This date, while not a legal cutoff, serves as a critical moment for the case. According to Morgan, this means the SEC is now under pressure to take action, whether by withdrawing its appeal, s...
Latest News
- New crypto policies boost Wall Street investment: Find Mining ignites a passive mining boom.2025-07-31 16:02:45
- Is $589 XRP Price Truly Coded? Ripple and Garlinghouse’s Recent Action Sparks Speculation2025-07-31 15:25:48
- Bloomberg Analyst Sets Timeline for XRP ETF Approval2025-07-31 15:03:02
- 4 Explosive Altcoins Set to Skyrocket in 2025: BlockDAG, BNB, DOGE & AVAX Could Be the Next Crypto to Explode2025-07-31 15:02:36
- Bitcoin Breaks $117,000 — BAY Miner Lets You Mine with Your Mobile Phone Instantly2025-07-31 14:49:45