Lawyer Bill Morgan says the Ripple-SEC appeal may be dismissed before the Aug. 15 report deadline, possibly ending the long-running XRP case.
According to Lawyer Bill Morgan, the appeal case between the SEC and Ripple will probably be dismissed before the deadline for progress reports on August 15.
This demonstrates how legal analysts are growing more optimistic about the XRP lawsuit’s result.
Lawyer Claims That Dismissing XRP Lawsuit Appeal Is Now Matter Of Timing
In an X post, Renowned Lawyer Bill Morgan said a definitive resolution in the Ripple-SEC lawsuit might be reached by August 15.
He stated unequivocally that it is more likely to occur than not.
Dismissal of the appeals may happen, and is more likely to happen than not, before the 15 August deadline to report to the appeal court on the status of the appeals. 15 August, however, is not a deadline for the parties to dismiss their respective appeals.
He also offered his thoughts on current misunderstandings about the XRP lawsuit going around the internet.
He clarified that Judge Analisa Torres has already performed her judicial duties in the case.
She has no pending decisions, despite what many people think.
Now, Ripple and the SEC commissioners must formally move to dismiss their appeals, which is the last step.
Morgan pointed out that Ripple had already agreed to dismiss its appeal and entered into a conditional settlement with the SEC.
But at the time, those requirements weren’t fulfilled.
Former SEC lawyer Marc Fagel echoed Morgan’s views when he stated that Judge Torres’ involvement is finished and that any further legal measures depend only on the mutual decisions of the SEC and Ripple.
Fagel further noted that after the appeals are withdrawn, Judge Torres’ decision against Ripple will immediately take effect.
Fagel also responded to persistent allegations regarding Ripple’s monetary fine. He attested that Ripple had sent the $125 million fine into an escrow account under the supervision of its legal advisor.
However, the money has not yet been made available to the U.S. Treasury, which is expected to happen once the appeal process is formally over.
As Appeal Case Draws Close, XRP Adoption Rises
Corporate trust in XRP has become a trend as the XRP case draws close.
Earlier, Lawyer Bill Morgan noted that more and more businesses are putting XRP into their treasuries.
According to SEC filings, businesses such as Hyperscale Data Inc. and Flora Growth Corp. have started to reveal their XRP holdings. Ault Capital Group, a division of Hyperscale, intends to invest $10 million in XRP.
This indicates that it plans to use the token for international payments.
Nature’s Miracle, a vertical farming company, also revealed a $20 million XRP treasury effort.
Supported by an SEC-approved S-1 stock registration, the investment demonstrates the company’s sustained belief in XRP as a treasury asset.
The XRP community is growing more upbeat as the status report date of August 15 draws near.
According to some analysts, a 70–90% chance of a settlement exists.
They are guessing that any final agreement would involve a $50 million penalty reduction and—most importantly—no injunctive limits on Ripple’s operations.
The expectation stems from the perception that Ripple and the SEC wish to prevent the lawsuit from getting any longer.
