The Ripple vs. SEC legal battle, spanning nearly a decade, continues to captivate the crypto community. Despite Ripple’s recent decision to drop its appeal, experts caution that a final resolution may still take weeks or months. Here’s a breakdown of the latest developments and what they mean for XRP price and regulatory clarity.
Appeal Dismissal Process: Not Instantaneous
Former SEC attorney Marc Fagel explains that dismissing the SEC’s appeal requires a multi-step process:
- Internal SEC Vote: Commissioners must approve the dismissal.
- Formal Paperwork: Both Ripple and the SEC must file dismissal documents.
- Court Enforcement: The district court’s original ruling takes full effect only after completion.
Fagel notes this could take "several weeks", with no guaranteed timeline.
July 3 SEC Meeting: A Turning Point?
The XRP community is closely watching the SEC’s closed-door meeting on July 3, which includes "case resolutions" on its agenda. While some speculate this could lead to the lawsuit’s dismissal, experts temper expectations:
- SEC holds routine weekly meetings; this isn’t necessarily Ripple-focused.
- No official confirmation links the meeting to the Ripple case.
XRP Price Outlook Amid Legal Uncertainty
Despite the limbo, XRP’s market sentiment remains optimistic:
- 5% price surge followed Ripple’s appeal withdrawal, though gains were short-lived.
- Traders await regulatory clarity, which could catalyze long-term price growth.
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FAQs
Is the Ripple vs. SEC case over after Ripple’s appeal dismissal?
No. The SEC must still vote to dismiss its appeal, and both parties need to file formal paperwork before the case concludes.
How long until a final resolution?
Experts estimate weeks to months, depending on SEC internal processes and court filings.
What’s the market outlook for XRP?
Cautiously bullish. Legal resolution could boost investor confidence and adoption.
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Key Terms: Ripple vs. SEC, XRP price, SEC appeal dismissal, July 3 meeting, crypto regulation, Ripple lawsuit, XRP community, Marc Fagel.