Top lawyers argue there’s a high chance of the lawsuit to complete by September, but there’s still ground to gain.
This week, tongues have been tirelessly wagging about the possible finalization of the high-profile Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit. After 6 years of intense legal beef, both parties are ready to settle for a $125 million civil penalty.
$125M XRP Still Waiting To Arrive On SEC’s Table
Intriguingly, this $125 million Ripple (XRP) in escrow has been deposited for quite a while, now awaiting confirmation from Manhattan courts to release the money. While the District Judge Analisa Torres rejected the motion for an indicative ruling in this landmark crypto lawsuit, both parties are still able to officially withdraw their appeals.
For now, Ripple, the issuer of XRP coin, is the only one to do so back in June, while the SEC has to go through an in-house voting process to throw away the original appeal. So, if this passes through soon enough, the August 15, 2025 date could be the one. According to the legal documents, the SEC has to deliver a bi-monthly report in relation to the Ripple case.
Under a new, way more lenient regime towards crypto, Paul Atkins & the SEC’s specialized Crypto Task Force could be moving to set up the vote soon. Since 2025, the SEC has attempted to solve previously dragged crypto-related cases in the best interest of investors, followed by working with crypto firms in order to construct a comprehensive legal framework.
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