PANews reported on August 4th that according to Bitcoin.com, the crypto community is closely watching the progress of the lawsuit between the SEC and Ripple, hoping this long-standing XRP case will end soon. Ripple has withdrawn its appeal, but the SEC has not followed suit. Legal expert Bill Morgan stated that while the SEC has no fixed deadline for withdrawing the appeal, it needs to submit a report to the appellate court by August 15, 2025, with new information expected in the next two weeks. The focus of the case is whether Ripple's XRP sales constitute unregistered securities trading. In 2023, the judge ruled that institutional XRP sales are securities trading, while exchange programmatic sales are not. Although both parties had reached a settlement, it was rejected by the judge.
US SEC v. Ripple: Legal experts say SEC has only days left to respond to XRP case
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