Sec./.ripple: still no notification of the authority on withdrawal of the appeal
- So far, the news about the withdrawal of the application for appeals only comes from the opposite side of Ripple.
- Ripple’s own application for appeal was not withdrawn because the talks on fine and injunctive relief continue.
XRP holders are unsure whether the US stock exchange supervision SEC has confirmed the dismissal of your calling in the Ripple matter. Ripple claims that The fact that the SEC has withdrawn its appointment, but the regulatory authority is silent. Ripple owners intensively speculate about what the SEC has prompted to withhold a formal message about the status of the appeal. The growing public pressure has caused analysts to assume that the authority’s examination process determines the answer.
Internal examination slowed down public confirmation
Eleanor Terrett, moderator of the Crypto America podcast, clarified the situation by pointing out the procedural regulations of the Sec. According to her, the decision, even if the SEC has agreed to dismiss ripple, must go through an internal approval process before it is published. She explained that this step usually takes place during the closed sessions of the authority.
The SEC usually holds these sessions on Thursdays. However, no such session took place this week. Terrett explained that the next planned closed session is scheduled for Thursday, March 27, 2025. She assumes that the Ripple complaint will be treated formally in this session and that the SEC will then probably make an official explanation. She also referred to the earlier handling of the SEC with the coinbase lawsuit, in which the internal decision followed a press release.
Ripple’s application for an appeal is active
Even if the stock market supervision has decided to withdraw its appointment, the Ripple case continues between the parties. Ripple maintains his application for appeal, which is directed against the court ruling on institutional XRP sales. The court issued a judgment against Ripple because the company had violated Federal Working Act, which led to a fine of $ 125 million and permanent injunctive relief.
How CNF reported, If the negotiations between Ripple and the SEC aim to eliminate the fine and the injunction by a possible agreement. An agreement could lead to the company withdrawing its calling in its sizes and thus ending the ongoing legal dispute.
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