- SEC vote on Ripple appeal set for August 7, final decision expected before August 15.
- Ripple settled its part with $125M in escrow, awaiting SEC procedural clearance.
- Whale wallets show renewed XRP activity as legal resolution appears imminent.
The U.S. Securities and Exchange Commission (SEC) is expected to hold a private meeting on August 7 to vote on whether to dismiss its appeal in the ongoing case against Ripple Labs. The decision could bring a formal close to a multi-year legal battle that has had broad implications for the status of XRP and digital assets in the United States.
According to legal sources familiar with the case, including former SEC attorney Marc Fagel, the appeal’s dismissal requires internal approval by the commission. Although Ripple has already withdrawn its cross-appeal and deposited the agreed $125 million civil penalty into escrow, the SEC’s appeal remains active until the commissioners authorize its withdrawal.
Pro-XRP attorney Bill Morgan stated that the agency is “more likely than not” to file a dismissal notice before the August 15 joint status report deadline. The delay in filing has been attributed solely to procedural requirements rather than any unresolved legal disagreements. Once the SEC completes the vote and submits its notice to the court, the escrowed funds are expected to be transferred to the U.S. Treasury.
Case Nears Formal Closure After Years of Litigation
Ripple’s decision to withdraw its appeal and settle the financial penalty has removed the last obstacle from its side. The remaining step is administrative clearance from the SEC’s end. Documents submitted by Ripple’s legal team in court confirm that no further negotiations are taking place, and the process is now in the SEC’s hands.
If the vote occurs as scheduled and the appeal is withdrawn before August 15, the existing injunction against Ripple will remain in place. This would formally conclude a legal case that began nearly five years ago and has significantly influenced regulatory discourse around digital assets.
Market Signals Ahead of Regulatory Outcome
As the case approaches resolution, blockchain data shows renewed interest from large XRP holders. Analysts tracking on-chain flows have reported accumulation activity among whale wallets, potentially in anticipation of increased market access following legal clarity.
The anticipated conclusion of the SEC lawsuit could also impact broader regulatory actions, including eligibility for exchange-traded products involving XRP. However, such outcomes remain speculative pending further developments.
