Usman Salis
The never-ending soap opera between Ripple and the SEC just got another plot twist. Both sides are asking the Second Circuit to keep hitting the pause button on their appeals while they wait for something called an "indicative ruling." The SEC's got until August 15, 2025, to file their next update, and let's just say the XRP army isn't exactly sitting quietly.
XRP (Ripple) Holders Are Getting Restless
Last week, Ripple and the SEC basically said "pretty please" again for that indicative ruling after Judge Torres shot them down back in May. Now everyone's stuck in this weird waiting game until mid-August, and you can practically feel the tension building in XRP Twitter spaces.
One particularly vocal XRP supporter put it this way on X: "I really would be baffled if she rejects the refile. Do you think we should tell people that if things go south and one or both proceed with their respective appeals, the case will get kicked back to Torres?"
Yeah, that's the million-dollar question everyone's asking.
Former SEC Boss Keeps It Real About XRP's Future
Enter Marc Fagel, who used to run things at the SEC's regional office. This guy knows his stuff, and he's not sugarcoating anything. When asked about what might happen next, Fagel basically shrugged and said, "I don't think there's any way to predict whether she will modify her order. I could see it going either way."
That's lawyer-speak for "your guess is as good as mine," folks. And honestly, that's probably the most honest take we've heard in this whole mess that started way back in December 2020 when the SEC decided XRP sales looked a little too much like unregistered securities for their liking.
Here's What Actually Needs to Happen for XRP (Ripple) to Move Forward
So what's the endgame here? Judge Torres needs to make up her mind about this indicative ruling thing. If she gives it the green light, the injunction gets tossed, and they can finally divvy up that escrow money - $50 million goes to the SEC (because they always get their cut), and $75 million heads back to Ripple.
Once all that paperwork gets sorted, the appeals get dropped, and boom - this four-and-a-half-year legal marathon finally crosses the finish line. The XRP community's watching every move like hawks, because let's be real, this case isn't just about Ripple anymore. It's about what happens to crypto regulation going forward, and that affects everyone's bags.
Usman Salis
