Rise of 14% in Ripple's Value as SEC Decides to Withdraw Appeal, Bringing an End to a Protracted 4-Year Legal Battle
The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a significant turn, with the appeals process currently paused. Both parties have jointly requested a delay until August 15, 2025, to submit status reports and potentially negotiate a settlement.
This development comes after the SEC held a closed meeting on July 24, 2025, which many interpreted as concerning the Ripple appeal. The joint status reports due in August could provide clarity on whether the SEC will continue its appeal or withdraw it.
Market observers and some legal experts assign a high probability (70-90%) that the SEC might withdraw its appeal or settle by that date. If this happens, it could result in the lifting of injunctions and a reduced settlement penalty of around $50 million, as opposed to the initially requested $125 million.
The legal limbo since Ripple's cross-appeal in April 2024, and the delayed reports, have slowed progress. However, recent developments and the SEC's closed July meeting have fueled optimism for a resolution. A withdrawal of the appeal would be significant for XRP’s market, potentially triggering strong price appreciation and easing regulatory uncertainty.
CEO Brad Garlinghouse of Ripple has expressed optimism about the situation. Speaking at the Digital Assets Summit in New York, he highlighted the lengthy battle between Ripple and the SEC, which has lasted four years. Garlinghouse believes that Ripple will be on the right side of the law and history.
In a recent announcement via his X platform account, Garlinghouse stated, "This is it - the moment we've been waiting for. The SEC will drop its appeal - a resounding victory for Ripple, for crypto, every way you look at it."
The SEC's decision not to pursue an appeal against Ripple follows a trend of dropping charges against other crypto companies. Last month, the SEC ended its enforcement actions against Coinbase. The SEC also ended investigations into Uniswap, Gemini, Consensys, and Robinhood's crypto unit.
The XRP token price momentarily shot up to $2.57, approximately 14%, after the SEC's decision, before pulling back later to $2.55. The price increase could be attributed to the positive sentiment generated by the SEC's decisions.
The SEC's recent actions indicate a potential shift in its approach towards the crypto industry. A more lenient stance towards crypto companies could benefit the crypto market as a whole. However, it's important to note that the XRP price change does not guarantee a long-term positive trend, as market conditions can fluctuate.
In conclusion, the SEC's appeal against Ripple is currently paused awaiting the August 15 deadline, when a joint status update and possibly a decision to withdraw or continue the appeal will be made. While no final resolution has yet been announced, momentum seems to favor a settlement or dismissal of the SEC's appeal soon.
- The delayed status reports scheduled for August might provide insight into whether the Securities and Exchange Commission (SEC) will withdraw its appeal against Ripple, a move that could potentially shift the finance industry's view on cryptocurrency and greatly impact the news regarding technology and investing.
- Market observers and legal experts, along with Ripple's CEO Brad Garlinghouse, are anticipating the SEC to withdraw its appeal against Ripple by August 15, a decision that could lead to a significant surge in XRP's price, elucidating the potential synergy between finance, technology, and investing.
