As Ripple officially drops its cross-appeal, speculation is growing that the long-running legal battle with the U.S. Securities and Exchange Commission (SEC) could soon come to a close.
Some XRP supporters are pointing to July 3 as a potential turning point, citing an upcoming closed-door SEC meeting.
Crypto commentator Captain Redbeard called the date a “moment of truth,” suggesting the SEC may also vote to drop its appeal—potentially bringing long-awaited regulatory clarity for XRP. But legal experts are urging caution.
Former SEC attorney Marc Fagel pushed back on the hype, noting that such meetings occur weekly and the agenda is confidential. He explained that the vote to dismiss the SEC’s appeal could happen at any time or via alternative mechanisms, not necessarily this week.
Fagel also outlined the final steps needed to close the case: the SEC must formally vote to drop the appeal, both sides must file paperwork, and the court must finalize the dismissal. That process could take weeks, though it may be expedited.
Despite the uncertainty around timing, many in the XRP community remain optimistic that the lawsuit is in its final chapter—one that could reshape how crypto assets are regulated in the U.S.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ripple-vs-sec-nears-final-stage-but-july-3-may-not-be-the-end/