XRP Lawsuit Nearing Conclusion: SEC and Ripple Finalize Dismissal Process
The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be nearing its end as both parties finalize the dismissal process. Former SEC lawyer Marc Fagel has addressed speculation about deliberate delays, emphasizing that the case is adhering to standard procedural timelines. The court is now awaiting formal dismissal paperwork, which is expected to be submitted within one to two months following an internal SEC vote. Judge Analisa Torres has no pending decisions, leaving the resolution entirely in the hands of the involved parties. Meanwhile, the XRP community remains divided over the potential implications of the lawsuit's conclusion on the cryptocurrency's future price and market position. This development marks a critical juncture for XRP, as the outcome could significantly influence investor sentiment and regulatory clarity for digital assets moving forward.
XRP Lawsuit Nearing Conclusion as SEC and Ripple Finalize Dismissal Process
Former SEC lawyer Marc Fagel has dismissed rumors of deliberate delays in the Ripple vs SEC case, clarifying that procedural timelines are being followed. The court awaits formal dismissal paperwork, which typically takes one to two months after an internal SEC vote. Judge Analisa Torres has no pending decisions, leaving the resolution squarely with the parties involved.
XRP holders remain divided on the expected timeline, though Fagel's comments suggest a mid-August conclusion aligns with standard legal processes. Market participants now watch for the final dismissal filing that will end this three-year legal battle.
Fact Check: Will the SEC Drop the XRP Lawsuit During 'Crypto Week'?
Rumors are swirling in the crypto community that the U.S. Securities and Exchange Commission (SEC) may soon announce the end of its lawsuit against Ripple Labs. Speculation intensified after the SEC scheduled a closed-door meeting for July 10, fueling hopes among XRP enthusiasts for a resolution during 'Crypto Week.'
Former SEC lawyer Marc Fagel has dismissed these claims as unrealistic. Legal procedures for settlements or rulings typically take months, not days. Judge Analisa Torres currently has no jurisdiction over the case, as no pending motions are before her, making an imminent court ruling unlikely.
The legal battle between Ripple and the SEC is now in its final phase, with Ripple agreeing to drop certain claims. Market Optimism around XRP persists, but a swift resolution appears improbable.
XRP Soars to $2.9 as Crypto Week Kicks Off with Institutional Momentum
XRP surged to a record $2.9 amid a bullish start to Crypto Week, fueled by institutional interest and U.S. regulatory optimism. The broader market rally has amplified earnings for platforms like GoldenMining, where users reportedly generate $7,700 daily through simplified cloud mining contracts.
London-based GoldenMining, positioning itself as an eco-conscious leader, offers tiered investment plans with claimed returns up to 42% on 5-day contracts. The firm emphasizes mobile accessibility and carbon footprint reduction, though such high-yield models typically carry unstated risks.
Ripple vs SEC Case Progresses Without Judicial Delays
The legal battle between Ripple and the U.S. Securities and Exchange Commission is advancing as expected, with no procedural delays attributed to Judge Analisa Torres or either party. Former SEC attorney Marc Fagel clarified that the court has completed its active role, and the case now enters a standard administrative dismissal phase typically lasting one to two months.
Neither Ripple nor the SEC has filed to dismiss their appeals yet, but the process follows established legal timelines. Market participants tracking XRP can expect resolution within customary timeframes, as the matter transitions from judicial to bureaucratic channels.
AMINA Bank Debunks 5 Myths About Ripple’s RLUSD Stablecoin
AMINA Bank, a Swiss digital asset institution, has systematically addressed misconceptions surrounding Ripple’s newly launched RLUSD stablecoin. The bank’s X thread emphasized RLUSD’s regulatory clarity, design integrity, and coexistence with XRP—countering speculative narratives with institutional authority.
Contrary to rumors, RLUSD operates as a complementary asset on the XRP Ledger rather than a replacement for XRP. The native token remains essential for transaction fees and network operations. "XRP is the engine behind every move," the bank noted, drawing a clear functional distinction between the two assets.
Regulatory approvals from New York’s NYDFS and Dubai’s VARA confirm RLUSD’s operational readiness. This dual authorization underscores Ripple’s strategic positioning of the stablecoin for cross-border utility while preempting concerns about regulatory limbo.
XRP Price Prediction: Analyst Forecasts Breakout Toward $38 Following 30% Rally
XRP has surged 30% in the past week to $2.98, overtaking Tether as the third-largest cryptocurrency by market capitalization. The rally has reignited bullish sentiment, with one prominent analyst identifying a seven-year double-bottom pattern that suggests a long-term target of $38.
Whale accumulation of over 1.5 billion XRP in the past week adds fundamental weight to the technical case. The asset's breakout above a key neckline resistance in late 2024—now acting as support—mirrors historical patterns that preceded major rallies in other digital assets.