Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote
The post Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote appeared on BitcoinEthereumNews.com. The post Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote appeared first on Coinpedia Fintech News The Ripple vs. SEC case is still not fully resolved. Although Ripple announced on June 27 that it would drop its cross-appeal, the SEC has yet to officially withdraw its own appeal, keeping the case open and investors waiting. SEC Meeting Sparks Speculation, but No Action Many in the crypto community expected the SEC to vote on dropping its appeal during the recent closed-door meeting. They were curious as to why there was no press release from the SEC after its July 17 closed-door meeting, especially with “litigation” on the agenda. There was no announcement made, and on Friday, XRP dropped from $3.66 to under $3.50. Legal expert Mark Fagel explained that this was just a routine meeting. The SEC holds these closed meetings every Thursday, and the agendas don’t reveal what’s actually being discussed. So, no one outside the SEC knows if Ripple was even on the table. That’s not the cause for delay. The staff needs to draft its action memo. It needs to be reviewed by the divisions and calendared for a commissioner vote. But please, keep lecturing a former senior SEC official about SEC procedures. — Marc Fagel (@Marc_Fagel) July 18, 2025 “There was no basis to believe that dismissing the Ripple appeal was on yesterday’s calendar. It can take 1-2 months to calendar an SEC enforcement vote, and anyone claiming to know exactly when this will happen is lying,” he said. Why Has the SEC Not Dropped Its Appeal Yet? Some XRP holders pointed out that the SEC doesn’t hold closed meetings every Thursday as claimed. They argue that past deals were made faster, but Fagel pushed back firmly, saying the delay isn’t about disagreement, it’s…
The post Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote appeared on BitcoinEthereumNews.com.
The post Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote appeared first on Coinpedia Fintech News The Ripple vs. SEC case is still not fully resolved. Although Ripple announced on June 27 that it would drop its cross-appeal, the SEC has yet to officially withdraw its own appeal, keeping the case open and investors waiting. SEC Meeting Sparks Speculation, but No Action Many in the crypto community expected the SEC to vote on dropping its appeal during the recent closed-door meeting. They were curious as to why there was no press release from the SEC after its July 17 closed-door meeting, especially with “litigation” on the agenda. There was no announcement made, and on Friday, XRP dropped from $3.66 to under $3.50. Legal expert Mark Fagel explained that this was just a routine meeting. The SEC holds these closed meetings every Thursday, and the agendas don’t reveal what’s actually being discussed. So, no one outside the SEC knows if Ripple was even on the table. That’s not the cause for delay. The staff needs to draft its action memo. It needs to be reviewed by the divisions and calendared for a commissioner vote. But please, keep lecturing a former senior SEC official about SEC procedures. — Marc Fagel (@Marc_Fagel) July 18, 2025 “There was no basis to believe that dismissing the Ripple appeal was on yesterday’s calendar. It can take 1-2 months to calendar an SEC enforcement vote, and anyone claiming to know exactly when this will happen is lying,” he said. Why Has the SEC Not Dropped Its Appeal Yet? Some XRP holders pointed out that the SEC doesn’t hold closed meetings every Thursday as claimed. They argue that past deals were made faster, but Fagel pushed back firmly, saying the delay isn’t about disagreement, it’s…
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