Legal expert Bill Morgan has confirmed that the U.S. Securities and Exchange Commission (SEC) has not yet withdrawn its appeal in the long-running Ripple case.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, seeking more time, or offering clarity on its intentions. He added, “We should hear something within the next two weeks.” Legal Background and Current Status The SEC filed suit against Ripple in December 2020, accusing the company of conducting unregistered securities offerings through its sale of XRP. In July 2023, U.S. District Judge Analisa Torres delivered a landmark ruling: XRP sales on secondary markets such as exchanges were not securities, but institutional sales did violate securities laws. This split decision resulted in a $125 million penalty for Ripple. The SEC has not withdrawn the Appeal in the Ripple matter yet. There is no deadline on the SEC to withdraw the appeal however the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline for the SEC to do something although it may just ask for more… — bill morgan (@Belisarius2020) July 29, 2025 Both parties appealed. Ripple challenged the ruling on institutional sales, while the SEC appealed the decision that secondary market sales were non-securities. However, on June 27, 2025, Ripple CEO Brad Garlinghouse announced that the company had withdrawn its cross-appeal, signaling its intention to close the legal chapter. He also stated that the SEC was expected to withdraw its appeal soon. Yet, as of July 30, the SEC has not followed through. What August 15 Really Means Although there is no formal requirement for the SEC to withdraw its appeal by August 15, the agency must submit a joint status report to the appellate court by that date. Legal observers believe this serves as a de facto deadline for the SEC to either end the case or request more time. Former SEC attorney Marc Fagel has suggested the withdrawal could already be in motion behind the scenes, as the agency typically needs time to complete internal procedures, including a vote by commissioners. Analysts believe there’s a high probability the SEC will drop the appeal before or by August 15. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications for XRP and Ripple If the SEC withdraws the appeal, the 2023 ruling by Judge Torres would become final. That outcome would firmly establish that XRP is not a security when sold on public exchanges, removing a major cloud of regulatory uncertainty. It would allow Ripple to expand its U.S. operations, pursue institutional partnerships, and possibly finalize efforts to obtain a national banking license. However, if the SEC requests additional time or proceeds with its appeal, the legal battle could stretch further into 2025, continuing to stall broader regulatory clarity for XRP and the wider crypto market. The Road Ahead With just over two weeks remaining until the court’s reporting deadline, all eyes are now on the SEC. As Bill Morgan rightly pointed out, this case is approaching a decisive moment. Whether the SEC withdraws its appeal or not, a significant update is expected by mid-August. For XRP holders and the broader crypto industry, the outcome could mark a turning point in the fight for regulatory clarity in the United States. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC Lawsuit Update As of July 30, 2025 appeared first on Times Tabloid .
