- Ripple reclaimed $75 million after the SEC dropped its appeal, but the case remains technically unresolved in court.
- Rumors of an August SEC announcement sparked confusion despite a former official dismissing the claims as baseless.
Ripple’s long clash with the U.S. Securities and Exchange Commission looked nearly wrapped after four drawn-out years, but a curveball has reignited the tension. An unconfirmed online post claimed the SEC wouldn’t issue any formal word on the matter before August 7. The claim spread fast among XRP holders as a part of further concerns for the Ripple-SEC long clash.
Ripple supporters, already tired from the endless courtroom battle, began interpreting the fixed August date as yet another delaying maneuver by their opponents. A brief online uproar followed until former SEC official Marc Fagel stepped in with resolve. He dismissed the rumor firmly and clearly, saying:
This is stupid and wrong. You’re welcome.
That brief remark held considerable impact, particularly coming from a person with deep knowledge of Commission operations. Nonetheless, without an official statement from the SEC, doubts continued to persist. Ripple CEO Brad Garlinghouse had once claimed the case was finished, yet the SEC’s continued silence allowed plenty of skepticism and conspiracy theories to spread.
SEC Steps Back, Ripple Gets $75M Back
Despite the online buzz, the actual legal actions were far more solid. Just last week, the SEC dropped its appeal with no extra demands. Ripple, in response, also pulled its cross-appeal. The financial part of the clash ended with a win for Ripple, which reclaimed $75 million out of the $125 million originally put on the table.
Now the SEC still holds the $50 million sum under their belt. The massive amount is being held in an interest-bearing escrow account. That might not be a clean break, but it’s not exactly a loss for Ripple.
At the time, even with the court motions on a slow, Ripple isn’t completely off the leash. The SEC’s standard injunction against Ripple is still in effect. Getting rid of it will take an internal vote from the SEC’s commissioners, followed by Judge Analisa Torres signing it off.
Not Over Yet: Final Legal Loose Ends
Ripple’s legal team is sure of the win and believes the chapter is wrapping. But the case remains unfinished until every box is checked by the SEC. There’s still no final court order, and the Commission hasn’t issued any public closure notice on the matter. The courtroom may be quiet, but the process isn’t done ticking along behind the scenes.
What remains now are the necessary proceedings for the complete win. The Commission must vote, the paperwork needs final signatures, and the court has to give its green light. Until then, Ripple walks in a legal grey zone.
Even with this forward motion, the XRP community isn’t popping champagne just yet. Their trust in official announcements is thin, especially when online misinformation spreads faster than court updates. Ripple has clawed back most of what it lost financially, but real clarity won’t arrive until those final approvals land.
