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SEC and Ripple: Update on Ongoing Legal Battle and Future Implications

The legal saga between Ripple and the U.S. SEC continues to unfold as anticipation builds for a new court ruling.

Recent discussions around the case have reignited speculation regarding the potential impact on XRP’s status as a digital asset.

However, legal expert Bill Morgan has clarified that the upcoming ruling will not determine XRP's future but will address whether Ripple's penalties should be reduced.

Both parties are seeking an “indicative ruling” rather than a final determination, and the substantive ruling from July 2023 will remain intact.

Additionally, rumors about a new settlement proposal of $50 million have emerged, but Morgan emphasizes this agreement was established back in April 2025.

Currently, both Ripple and the SEC are requesting to keep the case’s appeals on hold, with the SEC set to file a status report by August 2025.

This prolonged legal conflict has created heightened interest among XRP holders, many of whom hope the resolution is nearing.

Furthermore, confusion persists in the crypto community regarding whether the SEC has dropped its appeal against Ripple.

While Ripple's Chief Legal Officer suggested the SEC has abandoned its appeal, former SEC attorney James Farrell contended that both appeals remain active.

As the situation develops, the focus is shifting toward the broader need for clear regulatory frameworks for cryptocurrency in the U.S.