As the long-running legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission nears another procedural milestone, attention is shifting to whether both parties will meet the court-imposed deadline of August 15. That date marks the scheduled filing of a joint status update , which is expected to clarify the standing of remaining appeals in the case. The potential for a decisive conclusion or a further extension has led to renewed analysis of the parties’ likely strategies. In a recent conversation on X, former SEC attorney Marc Fagel offered insights into what could unfold by mid-August. Responding to a question from Zach Rector, who asked about the likelihood that Ripple and the SEC will drop their appeals by the deadline, Fagel stated that the parties are highly incentivized to have dismissals submitted by then or to be in a position to inform the court that dismissals are actively being processed. Implications for Case Closure Fagel’s statement adds to speculation that both sides may be aiming to conclude the remaining procedural matters without further delay. While Fagel refrained from making a specific prediction, his assessment shows that practical motivations are at play. According to him, the parties are incentivized to resolve outstanding appeals to avoid further court involvement or potential requests for additional extensions. In late June, Ripple announced that it would drop its cross-appeal . The community also expects the SEC to do the same, but no formal withdrawal has been recorded. The upcoming August 15 status update is therefore significant, as it may confirm whether both Ripple and the SEC are following through on their previously signaled intentions. Will Both Parties End the Lawsuit? Responding to a request for elaboration, Fagel noted that both sides intend to drop the appeals, suggesting that neither party would want to return to the Court of Appeals unprepared or request more time. He believes they want to avoid unnecessary delays, and their recent actions support this theory. Both parties clearly plan to drop their appeals. Neither wants to go to the Court of Appeals and say "we're not ready yet, please give us another extension on moving forward with the appeals." — Marc Fagel (@Marc_Fagel) August 5, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Both parties spent months for an indicative ruling from Judge Annalisa Torres on their settlement agreement, which would have lowered Ripple’s penalty from $125 million to $50 million and removed the permanent injunction preventing institutional XRP sales. After she denied their joint motion seeking the indicative ruling, Ripple expressed its desire to move on, reaffirming the previous ruling that XRP is not a security. With both parties eager to move on, August 15 might mark the end of the legal battle. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC Case as of August 7: Plans to Drop Appeals appeared first on Times Tabloid .
