August 15 Could Decide XRP’s Fate, Major Lawsuit Twist Coming!

A quiet deadline is quickly gaining attention across the crypto community. August 15 isn’t a ruling day or a judgment date, but it might just mark a turning point in the years-long Ripple versus SEC lawsuit.

A former SEC lawyer thinks both sides are preparing to drop their appeals before the deadline. If that happens, it could close a major chapter in XRP’s legal journey and open up new questions about the future of crypto regulation.

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Key Takeaways

1. Appeals may end soon: Ripple and the SEC are expected to dismiss their appeals before August 15, signaling legal closure.

2. Ripple already paid penalty: The company paid its $125 million fine, which supports the idea that it’s wrapping up its side.

3. No delays reported: The SEC is reportedly moving through internal procedures without obstruction or hold-ups.

What the August 15 Deadline Actually Means

The August 15 deadline has become a focal point, but it is not a final judgment day. Instead, it’s a court-mandated date for both Ripple and the SEC to submit a status report outlining where the case currently stands.

That might sound routine, but recent developments suggest the report could be more than just a formality.

Former SEC official Marc Fagel explained that while August 15 is not a deadline to drop appeals, it is a key moment for procedural updates.

Both sides are expected to make decisions before that date, possibly including dropping their pending appeals.

The fact that Ripple already complied with its financial penalty, a $125 million payment, indicates it is prepared to close this chapter.

Judge Analisa Torres previously denied a joint motion that would’ve moved things along faster. This leaves the next steps in the hands of Ripple and the SEC.

The report they file may contain dismissals or just an update, but even a procedural step can point to a bigger shift behind the scenes.

Read Also: Will XRP Replace the Dollar as the Global Reserve Currency?

Why Ripple May Be the First to Drop Its Appeal

Ripple appears ready to take the first formal action. The company has already completed what many see as a crucial part of the legal process: paying its financial penalties.

This gives it the flexibility to move forward, and Ripple CEO Brad Garlinghouse has previously signaled the company’s intent to drop its appeal.

Marc Fagel noted that Ripple’s legal behavior matches what you’d expect from a company preparing to wrap things up.

With no pending motions and no reported stalling, there’s little left to hold Ripple back. The firm is likely just waiting for internal coordination and document finalization.

If Ripple does file dismissal papers before August 15, it would mark a major step toward closure.

It would also place the spotlight firmly on the SEC, whose appeal process takes a bit longer due to internal bureaucracy.

But Ripple’s move could speed things up overall by setting a clear precedent for the other party to follow.

Read Also: Can XRP Still Go Up After Whale Activity Decline?

What’s Holding Back the SEC Appeal Dismissal?

Unlike Ripple, the SEC must go through internal steps that can stretch over weeks. According to Fagel, dismissing an appeal requires a formal vote among SEC commissioners.

This vote can take one to two months to complete, which means the agency may still be within its normal timeline.

So far, there are no signs of obstruction or delay. The SEC has not filed anything yet, but it is not showing any red flags either.

Fagel emphasized that this timing is typical in federal litigation. The agency is moving through its checklist, not dragging its feet.

The absence of legal or procedural blocks makes it likely that the SEC will follow through. If the vote wraps up soon, the dismissal could happen in early August or shortly after the status report is filed. That would align both parties on the path to ending this high-profile case.

Read Also: XRP to $5? Ripple’s Bullish Signals Ignite Price Hype

What Dismissals Could Mean for XRP and Crypto Regulation

If both Ripple and the SEC drop their appeals, it would mark a critical milestone in one of the most closely watched legal battles in crypto history.

The dismissal of appeals wouldn’t fully end the lawsuit, but it would remove some of the final hurdles standing in the way of resolution.

This could bring more clarity to XRP’s legal status in the US and might even influence how other crypto projects handle regulation moving forward.

While it won’t settle every legal question, the end of active appeals could lower legal uncertainty, and possibly affect XRP’s price and market behavior.

The broader crypto community has been watching the case not just for XRP, but for its implications on how regulators treat digital assets in general.

A clean wrap-up, even through quiet procedural steps, could become a reference point for other ongoing or future cases in the sector.

Read Also: Will XRP Price Reach $5 After Ripple vs SEC Lawsuit Ends? Latest Price Prediction and Analysis

Conclusion

The XRP lawsuit has been a long ride, filled with twists and turns. But as August 15 approaches, we may finally see a break in the clouds. While the deadline is procedural, it is shaping up to be a key moment in closing this legal battle.

Ripple seems ready to act first, and the SEC appears to be following the usual steps without delay. If both appeals are dismissed soon, it will be a major development not only for XRP holders but also for the crypto industry at large.

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FAQ

What is the August 15 deadline about in the XRP lawsuit?

It is a court deadline for both Ripple and the SEC to submit a status update on the case, not a final ruling or settlement date.

Has Ripple dropped its appeal yet?

Not officially, but Ripple is expected to file dismissal documents soon. The company has already paid its financial penalty and appears ready to move on.

Why is the SEC taking longer to act?

The SEC requires an internal vote before it can dismiss its appeal. This process typically takes one to two months.

Does dropping appeals mean the lawsuit is over?

Not entirely, but it does mean both parties are closer to final closure. It removes legal steps that prolong the case.

What could happen after the appeals are dismissed?

The lawsuit may formally conclude, giving Ripple and the XRP community more regulatory clarity and potentially setting a precedent for future cases.

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