SEC and Ripple Legal Battle Update

Another week brings new rumors about the ongoing legal struggle between Ripple and the US Securities and Exchange Commission (SEC). Social media buzz has erupted with claims that the SEC held its fourth secret, closed-door meeting to discuss Ripple’s appeal. Some speculators suggest that this delay might hinder the approval of an XRP spot ETF. Others believe that if the SEC drops the appeal, XRP could experience a significant price breakout.

> SEC just holds their fourth closed-door meeting on Ripple’s appeal. A delay could hold up XRP spot ETF approvals—but if they drop the appeal, the next breakout could be explosive.
> — Crypto Crows 🪝🏴‍☠️ 🐦‍⬛ (@CryptoCrows) July 27, 2025

Former SEC attorney Marc Fagel took to clarify misinformation. He stated that no fourth closed-door meeting on the Ripple appeal occurred, emphasizing that the case is currently in the jurisdiction of the Court of Appeals, not the SEC commissioners. Previously, the SEC asked Judge Analisa Torres to reconsider her decision, but she declined.

Causes of the Delay

Fagel elaborated that Ripple and the SEC both appealed different elements of the original ruling. The SEC appealed their losing segments, while Ripple cross-appealed the parts they contested. To implement Judge Torres’s ruling entirely, both parties must withdraw their appeals. Ripple might be ready to move forward, but the SEC requires an internal approval process to officially withdraw.

Why the Process is Lengthy

Fagel noted that this delay isn’t particularly unusual. The SEC employs a standard review process for all cases that reach the court. Cases not going to court are resolved faster since staff can conclude them without needing SEC commissioner approval.

For Ripple and XRP holders, this extended wait can be frustrating. While the sluggishness may influence ETF progress, it is merely part of the standard legal procedure. If both parties agree to withdraw their appeals soon, the judge’s ruling will become final, potentially leading to more clarity in the case and further developments for XRP’s future.