SEC v. Ripple case: Legal experts say SEC has only a few days left to respond to XRP case

According to Bitcoin.com, the cryptocurrency community is closely monitoring the progress of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple, hoping for an early resolution to the long-standing XRP case. Ripple has withdrawn its appeal, but the SEC has not followed up. Legal expert Bill Morgan stated that although the SEC does not have a fixed deadline for withdrawing appeals, a report must be submitted to the appellate court by August 15, 2025, and new information is expected in the next two weeks. The focus of this case is whether Ripple's sale of XRP is an unregistered securities transaction. In 2023, the judge ruled that institutional sales of XRP are securities trading, while exchange program sales are not. Although both parties had reached a settlement, it was rejected by the judge.