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SEC Moves Forward in Ripple Lawsuit, With Key Dates on the Horizon

The ongoing saga between the SEC and Ripple is approaching a crucial juncture in early 2025.

Although Ripple has fulfilled its obligations, including a $125 million penalty and withdrawing its cross-appeal, the SEC remains in a holding pattern concerning its own appeal.

Pro-XRP attorney Bill Morgan has highlighted that August 15, 2025, is an essential date, as both parties must submit a joint status report to the appellate court.

While there is no legal mandate for the SEC to withdraw its appeal by then, the deadline is significant for potential updates.

The XRP community has been on edge since October 2024, when the SEC filed a notice of appeal against Judge Torres’ ruling that declared XRP not a security for retail traders.

If the SEC chooses to withdraw its appeal, it would finalize the favorable ruling from May 2023, paving the way for new market developments.

Such developments could include the unveiling of partnerships by over 1,700 companies tied to Ripple and the potential approval of institutional products like Spot XRP ETFs.

Conversely, if the SEC requests an extension around the August deadline, it may prolong uncertainty, keeping XRP's regulatory status ambiguous.

This delay could hinder the confidence of investors, even as Ripple has secured significant legal victories thus far.

As we approach these critical dates, the XRP community is hopeful for clarity and positive momentum in the crypto space.