- The court postpones the decision on the Ripple Vs SEC case to August 15.
- Canada approved two spot ETFs on June 18, 2025.
- Crypto users are disappointed with the delays in the Ripple Vs SEC case.
The next court update on the ongoing case between Ripple and the SEC is due August 15, 2025. However, retired securities lawyer Marc Fagel thinks the date is only a deadline and not sacrosanct. According to Fagel, the district court judge can rule on the motion pending before her in hours, days, or weeks.
Debunking the ‘August 15 Delay’
Fagel responded to a post where a user highlighted her frustration over the ongoing delays in concluding the protracted case between Ripple and the SEC. The user compared developments in the US with Canada, which approved two spot ETFs on June 18, 2025. According to the user, Canada’s recent spot ETF approval will attract between $200 million and $300 million into XRP while the US delays approval.
Related: XRP Case Setback: Ripple-SEC Joint Motion Fails to Clear Court’s Procedural Bar
The crypto user expressed disappointment at how the XRP saga has unfolded in the US, the technology’s home. She considers the delays unnecessary despite the narrative that developments around XRP, Ripple, the SEC, and the court are “setting up the dominoes” and projecting a significant outcome when the court finally decides on the case.
In the meantime, it is crucial to note that many cryptocurrency stakeholders consider the pending court ruling on the case between Ripple and the SEC a significant event in the crypto industry. Several asset management companies have filed for spot XRP ETFs and are hoping for an outcome that will favor the approval of their applications.
Related: Ripple vs SEC Aftermath: Court Ruling on XRP Sales Now Key to IPO Future
Approving those ETF filings could mark a notable event in the cryptocurrency industry because of the expected funds’ inflow into the XRP ecosystem and its potential effect on the altcoin’s demand. For instance, last Monday’s spot ETF approvals in Canada caused XRP to surge 8.69% before economic data from the US triggered a crypto market pullback that caused the price to drop below Monday’s open.
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