As the lawsuit progresses, the crypto community anticipates critical updates regarding XRP's classification as unregistered securities by mid-August 2025.
The crypto community is closely following the lawsuit between the SEC and Ripple, particularly after Ripple withdrew its appeal. The SEC has not yet responded, and legal expert Bill Morgan notes that while the SEC has no fixed deadline for its appeal, a report must be submitted to the Court of Appeals by August 15, 2025. Significant updates are expected in the coming weeks regarding whether Ripple's XRP sales are classified as unregistered securities. A previous ruling determined that institutional sales of XRP are securities transactions, while programmatic sales on exchanges are not, although a proposed settlement was rejected by the judge.