Ripple vs SEC: Ex-Official Shares Important Updates As August 15 Nears
The XRP community is on high alert as the Ripple vs U.S. Securities and Exchange Commission (SEC) legal battle moves toward what could be a decisive step on August 15. The date could mark the official end of the lawsuit that has loomed over XRP since 2020. However, despite excitement, there’s still confusion about the next steps and whether either side has dropped their respective appeals.
In the days leading up to August 15, one Ripple supporter publicly asked CEO Brad Garlinghouse about the company’s legal approach. Specifically, the user questioned when Ripple dropped its countersuit against the SEC and why Paul Atkins hasn’t moved to fully dismiss the case yet.
Marc Fagel, a former SEC lawyer, responded to the conversation by explaining that neither Ripple nor the SEC has yet dropped their appeals.