The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be approaching its end, with August 15 emerging as a potential milestone date.
For the XRP community, which has watched the case drag on since 2020, this could mark the moment when the cloud over the token finally lifts — but the path forward still isn’t entirely clear.
Questions from supporters have been mounting in the lead-up to the date, including inquiries about Ripple’s legal strategy and whether the company has already abandoned its counterclaims. One user even raised the matter directly with CEO Brad Garlinghouse, asking why the dismissal process hasn’t yet been completed.
Former SEC Official Weighs In
Providing clarity, former SEC attorney Marc Fagel explained that neither side has officially withdrawn its appeal. The next step, he noted, rests with the SEC’s internal process. The agency would first need to vote to drop its appeal before any filings are made.
Only after this internal approval would both the SEC and Ripple submit formal notices to the court. These documents — which will be publicly accessible through the case docket — would confirm that the appeals have been withdrawn and the matter is resolved.
The $125 Million Question
Another lingering issue is the $125 million penalty Ripple has agreed to pay. Fagel confirmed that the sum has already been placed in escrow and will be sent to the U.S. Treasury once the dismissal is finalized.
When pressed on whether Ripple could opt to pay the amount in XRP tokens instead of cash, Fagel made it clear that such a change isn’t possible without a new court order — something neither side is expected to pursue at this point.
What Happens Next
If the SEC moves to formally drop its appeal in the coming days, Ripple is expected to follow suit quickly. Once both notices are filed, the case will officially close. While the SEC may choose to remain silent publicly, the filings themselves will serve as confirmation that one of the most closely watched legal disputes in crypto history has finally been settled.
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Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/ripple-vs-sec-could-end-on-august-15-what-xrp-holders-should-know/