Former SEC Lawyer Clears Up August 15 Deadline Rumor in Ripple Case

TLDR

Table of Contents

Former SEC lawyer clarifies no August 15 deadline for Ripple vs. SEC ruling—decision could come anytime.
Judge Torres could rule on Ripple’s joint motion soon, potentially reducing the $125M penalty.
SEC’s 60-day appeal delay doesn’t affect the immediate decision on Ripple’s joint motion.
Ripple’s case still ongoing—motion approval could lead to more legal steps, depending on the judge’s ruling.

Recent rumors have sparked concern among XRP investors and legal observers regarding a potential delay in the ongoing Ripple vs. SEC lawsuit. These rumors suggest that Judge Analisa Torres may not deliver a ruling until August 15. However, former SEC lawyer Marc Fagel has clarified that this is not the case, and there is no fixed deadline for the decision.

Fagel addressed the rumors on social media, confirming that the lawsuit’s outcome could come at any time. “The SEC case is NOT delayed until August 15,” Fagel stated, emphasizing that the judge could rule within hours, days, or even weeks. His remarks come amidst the ongoing discussions between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) about their joint motion for an indicative ruling.

Judge Torres’ Ruling Could Happen Soon

The latest update in the Ripple case involves a joint motion filed by Ripple and the SEC on June 12, 2025. The motion seeks to modify the court’s previous ruling and reduce Ripple’s $125 million penalty to $50 million. Legal experts have been closely monitoring the situation, as this motion could significantly affect the case’s future trajectory.

Fagel pointed out that while the SEC has filed for an additional 60-day delay regarding the appeal, it does not directly impact the ruling on the joint motion. He explained that Judge Torres could issue her decision at any time, potentially within days. However, even if the motion is approved, the case will still require further procedural steps before reaching a final resolution.

No August 15 Deadline for Ruling

Amid the speculation surrounding the timing of Judge Torres’ ruling, Fagel emphasized that there is no official August 15 deadline. This clarification came in response to reports suggesting that the judge might delay the decision until mid-August.

Fagel noted that while the SEC and Ripple filed a status report on June 17, asking for a delay in the appeal process until August 15, it does not mean the court will wait until then to rule on the motion.

Bill Morgan, an attorney closely following the case, also clarified that the SEC’s request for an extension does not impact the immediate decision on the motion. He stated, “This doesn’t delay the decision on the joint motion filed last week until August.” Morgan’s remarks further support Fagel’s statement that the decision could be made sooner than expected.

Case Still in Progress

While there is no specific deadline for the ruling, the case remains far from settled. Even if Judge Torres approves the motion, there are still several steps before the lawsuit is officially closed. Fagel mentioned that if the judge denies the motion, Ripple may need to decide whether to continue its appeal process.

Additionally, Fagel suggested that if the motion is granted, Ripple’s next steps could depend on the impact of the ruling on its business. “Ripple will have to decide whether to continue its appeal,” he said, indicating that the decision may lead to further legal action depending on the court’s findings.

As both parties await the judge’s ruling, it is clear that the Ripple vs. SEC lawsuit is still progressing through the legal system. Despite the uncertainty surrounding the exact timeline, legal experts agree that the case could move forward soon, bringing the long-running dispute closer to a resolution.

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