Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission may finally have an end date: July 3, 2025. In the latest Ripple SEC Case Update, after nearly five years of court battles, public spats and regulatory tension, Ripple CEO Brad Garlinghouse has confirmed the company has dropped its cross-appeal, with the SEC expected to follow suit during a private meeting to be held on July 3. Many in the XRP community are beginning to think the tussle might finally over.
Ripple Closes the Book, SEC’s Turn Next?
On June 27, 2025, Garlinghouse posted on X:
“We’re closing this chapter once and for all, and focusing on what’s most important — building the Internet of Value. Lock in.”
The post confirmed Ripple is no longer appealing the SEC’s earlier win, which found certain institutional XRP sales were unregistered securities offerings. But the bigger question now is will the SEC follow suit and drop its appeal?
According to a Sunshine Act Notice, the SEC has a private meeting on July 3 at 2:00 p.m. ET. The agenda includes settlements, administrative proceedings, and the resolution of litigation claims. Although not explicitly mentioning Ripple, the timing and legal context has everyone speculating the SEC might use this opportunity to wrap up its part of the case.
No More Court Action Needed
Legal experts familiar with SEC procedures agree that if the SEC votes to dismiss its appeal, there’s nothing else to do. Former SEC regional director Marc Fagel said:
“There’s nothing further for Judge Torres to do. Once both parties have dismissed their appeals, which the SEC still needs to vote on, the judgment goes into effect.”
This matters because as far as the Ripple SEC Case Update is concerned, Ripple’s cross-appeal withdrawal isn’t a final resolution on its own. The SEC’s internal vote is needed to remove any remaining procedural hurdles. Fagel didn’t confirm the Ripple case is on July 3 but said: “it fits the profile” for what’s typically considered litigation resolution under the Sunshine Act.
XRP Community on High Alert
The XRP community is waiting with bated breath for the Ripple SEC Case Update. For years, Ripple supporters have pointed to the lawsuit as the main obstacle to XRP’s growth and access to broader markets, especially in the U.S. After the partial win in July 2023, where XRP was deemed not a security in programmatic sales, XRP had a brief price pop but legal uncertainty has continued to weigh on investor sentiment.
A final SEC withdrawal could clear that fog and allow Ripple to confidently engage US partners, re-list XRP on restricted platforms, and move forward with expansion plans. Analysts are already speculating if that would spark renewed bullishness, especially if followed by good market conditions or more institutional adoption.
Conclusion: The Final Countdown?
After years of uncertainty, courtroom setbacks and minor victories, the July 3 SEC meeting may be the final word in the Ripple vs SEC saga. Ripple has played their final legal card by dismissing the appeal. The next and possibly last move, is up to the SEC. If the Commission votes to withdraw, Judge Torres’s ruling is final and Ripple gets the regulatory clarity most crypto companies are still seeking.
For XRP holders the wait for the latest Ripple SEC Case Update is almost over.
Summary
Ripple’s legal battle with the SEC is almost over. Brad Garlinghouse confirmed Ripple dropped its cross-appeal and the SEC may do the same on July 3 in a closed-door meeting listed under the Sunshine Act. Legal expert Marc Fagel says once both appeals are dropped, Judge Torres’s ruling is final. The XRP community is expecting regulatory clarity and new momentum if the SEC follows through.
FAQs
What’s the big deal about July 3 in the Ripple SEC case update?
The SEC has a closed-door meeting under the Sunshine Act on July 3 where litigation matters may be resolved. Ripple fans think this means they’ll drop the appeal.
Has Ripple officially dropped its appeal?
Yes, Brad Garlinghouse confirmed on June 27, 2025 that Ripple has withdrawn its cross-appeal.
What’s left to happen before the case is closed?
The SEC has to vote to dismiss its own appeal. Once both sides formally withdraw, Judge Torres’s ruling is final.
What did the 2023 court ruling say?
The ruling said XRP was not a security in programmatic sales but was a security in certain institutional sales.
Glossary
Cross-Appeal: When both sides in a lawsuit appeal different parts of a court’s ruling.
Sunshine Act: U.S. law requiring certain federal agency meetings to be open or publicly disclosed.
Programmatic Sales: Automated XRP sales to the public, such as those made on crypto exchanges.
Injunctive Action: A legal order preventing a party from continuing specific actions.
Final Judgment: A court’s conclusive decision that ends the litigation unless appealed.
Sources
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