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As the high-stakes legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) approaches a potential conclusion, legal experts are offering fresh insights into what could be the final chapter of the XRP lawsuit. According to Marc Fagel, a former SEC enforcement attorney, the agency might withdraw its appeal within the next one to two months, setting the stage for a long-anticipated resolution.
SEC’s XRP Lawsuit Appeal May End Soon
The lawsuit, which began in late 2020, has kept Ripple and the XRP token under intense regulatory scrutiny. While much of the crypto market has moved forward, XRP’s status has remained uncertain due to the pending litigation. Now, according to Fagel, there’s reason to believe the SEC could soon formally end its involvement.
In a recent post on X (formerly Twitter), Fagel stated that the SEC’s internal process for approving enforcement actions typically takes one to two months. Since the Commission has already voted once before to dismiss its appeal in relation to a broader settlement agreement, this time the process could be shorter and largely procedural.
“Typically takes 1–2 months for the SEC to vote on an enforcement recommendation,” Fagel said. “Could be quicker here since they’ve already voted to dismiss the appeal once before, so this is more perfunctory.”
Misinterpreted SEC Meetings
Fagel also addressed circulating rumors suggesting that recent SEC closed-door meetings could involve Ripple. However, he clarified that these meetings are standard and held almost every Thursday, typically for internal discussions unrelated to specific lawsuits.
“The agenda is confidential,” he explained, “and anyone claiming a specific case is on the agenda is just making it up. Is it conceivable? Yes, but highly unlikely.”
Rumors were reignited by the July 10 closed-door SEC meeting, just like they were during a similar session on July 3. Many XRP community members speculated that the Commission might use the occasion to finalize its position on the lawsuit. But Fagel strongly refuted these assumptions, emphasizing that any decision regarding the Ripple case would come through formal legal channels, not rumor mills.
Ripple CEO’s Comments Add to Speculation
Earlier this summer, Ripple CEO Brad Garlinghouse appeared to signal an end to the legal battle when he said that the company was withdrawing its counter-appeal. His statement, made on June 28, was widely interpreted as confirmation that Ripple was preparing to move forward without further litigation.
“We’re closing this chapter once and for all and focusing on what’s most important – building the Internet of Value,” Garlinghouse posted.
However, Fagel was quick to clarify that no formal dismissal had been filed by either party. “Nobody has dismissed anything yet,” he wrote, noting that both Ripple and the SEC still need to submit official paperwork to formally end their respective appeals.
This distinction is important. While Ripple’s intentions appear clear, procedural requirements must be followed before the court recognizes the end of the case.
What Comes Next for XRP?
With both sides expected to drop their appeals, XRP could soon emerge from regulatory limbo, allowing investors and institutions to fully engage with the asset without legal ambiguity. The end of this lawsuit could have major implications, not just for XRP, but for the broader crypto industry.
Legal clarity may also drive renewed interest in XRP from institutions that were previously hesitant due to the SEC’s stance. If Ripple officially secures legal closure, the path could open for XRP to be treated similarly to Bitcoin and Ethereum—at least in terms of regulatory status.
Moreover, the end of the SEC litigation would allow Ripple to resume its expansion efforts, especially in the U.S. market, where legal uncertainty has limited its operational flexibility.
Final Thoughts
The XRP lawsuit may finally be drawing to a close, with experts like Marc Fagel suggesting that the SEC’s appeal dismissal is just weeks away. Although no official filings have been made yet, all signs point to an imminent resolution.
For XRP holders and the broader crypto community, this could mark a turning point. Once the dust settles, XRP may not only gain regulatory clarity but also renewed momentum in the global crypto market.
Until the court receives the official dismissal from both Ripple and the SEC, the case technically remains open. But the tone from both parties and legal experts like Fagel suggests that this long-running legal drama is nearly at an end—and that a fresh chapter for XRP may soon begin.
