XRP News Today: Ripple and SEC Close to Ending Legal Dispute

According to Morgan, Judge Analisa Torres' role has already been concluded , and the next step is up to the SEC commissioners.

“We are just waiting for the SEC commissioners to vote to dismiss the appeal and for the parties to take the final action by dismissing their respective appeals,” he said.

Ripple has already announced that it intends to withdraw its appeal, and the parties even signed a conditional agreement providing for mutual withdrawal — but the terms of the agreement were not met.

The denial could occur before the deadline for informing the Court of Appeals of the status of the appeals. However, Morgan emphasized that August 15th does not represent a legal deadline for such a denial. While he considers it unlikely, he does not rule out the possibility of the parties requesting a further extension.

A closed-door SEC meeting is scheduled for August 7th, which may include a final vote on the case. The agenda includes settlements, administrative trials, and dispute resolution—which could pave the way for the official withdrawal of the funds.

The market is closely monitoring developments, considering the potential impact that the conclusion of this process could have on the price of XRP and the regulatory perception of cryptocurrencies in the United States.