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Ripple-SEC Appeal Awaits SEC Vote Before August 15 Deadline

The case cannot close until the agency secures a commissioners’ vote to drop its appeal, after which both sides must file formal withdrawal notices.

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Overview

  • As of early August neither party has officially withdrawn its appeal, leaving the status of the nearly five-year dispute unresolved.
  • The SEC must complete an internal vote to dismiss its appeal because Judge Torres’s rejection of the prior settlement required additional approval.
  • Once the agency’s commissioners formally vote to drop the appeal, Ripple is expected to submit its withdrawal notice days before the August 15 deadline.
  • The agreed $125 million civil penalty has been held in escrow and will be released to the U.S. Treasury upon case dismissal.
  • Observers say the resolution will set a key precedent for cryptocurrency regulation, prompting investor attention to XRP price movements ahead of any filing.