In a development that has surprised much of the crypto community, Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is still ongoing. Despite public statements suggesting that the appeals were dropped, no formal dismissal has been filed by either Ripple or the SEC. The revelation, brought to light by crypto researcher Diana via X, confirms that the case remains active and not yet finalized. Public Assumptions vs Legal Reality Back in June, Ripple CEO Brad Garlinghouse declared that the company was “dropping the appeal.” For many in the XRP community, that meant the case was officially over. But Diana’s post highlights a crucial distinction: Ripple never actually filed to withdraw its cross-appeal. This is confirmed by former SEC attorney Marc Fagel, who stated plainly that “Ripple has NOT dropped its cross-appeal.” RIPPLE NEVER DROPPED ITS APPEAL?! The crypto world thought it was over. But a former SEC attorney just exposed the truth: Ripple’s appeal is STILL ALIVE — and the SEC hasn’t filed dismissal either. Let’s unpack the facts behind the chaos pic.twitter.com/1gFqWVq6ay — Diana (@InvestWithD) August 4, 2025 It turns out that what was presented as a final move was merely an intention to act, not an executed legal filing. Words, as Diana emphasized, are not the same as official court documents. Why No One Has Filed, Yet The delay in filings from both Ripple and the SEC isn’t due to a change of heart or a political ploy. Instead, it comes down to bureaucratic procedures. According to the information shared by Diana, the SEC must first go through a series of internal processes , including staff reviews and a formal vote, before any dismissal can be submitted. Ripple, on the other hand, appears to be waiting for a joint filing with the SEC, likely for the sake of legal clarity and finality. Until both parties submit a coordinated request for dismissal, the appeal phase remains open. The Role of Judge Torres Another point of confusion has been the status of Judge Analisa Torres, who delivered the landmark 2023 ruling that XRP sales on secondary markets do not constitute securities offerings. Diana clarified that Judge Torres is no longer involved in the case. Her ruling stands, and once the appeals are formally dropped, it becomes binding. There will be no further court proceedings unless Ripple fails to comply with its settlement obligations. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 $125 Million Fine Already in Escrow Concerns about Ripple’s readiness to fulfill its penalty have also been addressed. The company’s $125 million fine is already in escrow, meaning the funds are set aside and ready to be released as soon as the dismissal paperwork is finalized. This indicates that Ripple is not stalling; it’s simply waiting for the formalities to conclude. When Will It All Be Over? According to Diana, Marc Fagel estimates that the SEC’s internal process typically takes one to two months, with likely movement within the next two weeks. That timeline aligns with the normal pace of federal agency operations and should not be misinterpreted as a delay tactic. Misinterpretation, Not Misinformation To be clear, Brad Garlinghouse didn’t say the appeal had been dropped; he said Ripple is dropping it. The distinction matters. The XRP community interpreted this as meaning the case was already closed, but legally, it was merely the company’s declared intention. That disconnect between perception and legal process is at the heart of the confusion. Nearing the Finish Line Though the appeals are still pending, all signs indicate that the case is in its final stages. Once both Ripple and the SEC file their joint dismissals, the escrowed funds will be released, and the legal saga that has loomed over XRP for years will finally come to an end. This is not a delay; it’s the final phase of due process. The end is not only near; it’s already written. Now, it’s just a matter of filing the last few pages. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple Never Dropped Its Appeal with the SEC. So What Happened? Details appeared first on Times Tabloid .
