- Legal experts have clarified that the Ripple vs. SEC ruling is not officially delayed.
- The August 15 date is a procedural deadline for appeals, not for the judge’s decision.
- One analyst suggests Ripple’s own legal strategy is a key factor in the current timeline.
Renowned crypto lawyer Bill Morgan thinks that the SEC’s action after Judge Analisa Torres’ original judgment on the case against Ripple is the primary cause of the delay in ending the litigation.
Morgan believes Ripple was satisfied with Judge Torres’ decision until the SEC filed an appeal, after which Ripple responded with a counter-appeal.
Expert Analysis on the Cause of the Delay
According to Morgan, had the SEC not filed an appeal of the summary judgment decision, Ripple may not have filed an appeal on the institutional sales part. That would have warranted the parties to move on based on the summary judgment and the final judgment made by the judge.
Morgan thinks the SEC’s new policy towards enforcement has encouraged Ripple to seek more than it would have been satisfied with or lived with before the SEC filed its appeal.
Related: SEC And Ripple Settlement Process Outlined as Parties Navigate Appeal Dismissal Procedure
It is worth noting that Ripple and the SEC have stepped up efforts to resolve the case since Q2 2025. They have engaged in a series of court processes, with several more events expected to follow before the court dismisses the case. Both parties have signed a settlement agreement, filed motions to hold the appeal, and asked for an indicative ruling.
Remaining Procedural Steps
In the meantime, Morgan thinks there are remaining steps that Ripple and the SEC need to take before they achieve the required settlement. According to Morgan, the parties would file a motion to the Court of Appeals for a limited remand to seek the relief agreed upon between them from Judge Torres. They would also file a motion with the Judge seeking the relief.
Morgan’s exposition shows that there are still some steps ahead before the case between Ripple and the SEC ends.
Related: SEC, Ripple Request Extended 60-Day Pause in Appeal to Pursue Settlement: What’s Next for XRP?
According to the crypto lawyer, following the dissolution of the injunction and payment of the reduced fine of $50 million, the parties will still have to file a motion with the Second Circuit Court to dismiss the appeal and cross-appeal.
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