Here’s why the SEC lawsuit against Ripple is not yet completely over:

Renowned legal expert Bill Morgan suggests that the lawsuit between the SEC and Ripple is not completely over, despite the parties dropping the appeal.

Secv. Recent developments in Ripple’s lawsuit continue to infuriate debates within the XRP community, with enthusiasts questioning whether the case was finally over.

Remember that Ripple announced it was reducing cross appeal to the SEC with its $50 million fine and the termination of a permanent injunction imposed on its future XRP sales. The move corresponded to the SEC’s decision to unconditionally drop the appeal against Ripple.

Is the Ripple Case finally over?

Following these developments, XRP enthusiasts have shown that this case has finally ended. In particular, X user, known as Ttmoto, pointed out that the evidence suggests that the lawsuit has ended. Users emphasized that the SEC will keep $50 million down from the $125 million fine and refund the remaining $75 million.

Additionally, users rejected speculations about the date of court filing this month. They noted that no reliable sources confirmed the April filing date for the Ripple lawsuit.

In the context, this filing date is related to the first scheduling order of the Second Circuit. This required Ripple to submit its cross-sectional move and respond to the SEC appeal as well. For each order, Ripple must file this motion before April 16, 2025.

However, Ripple will no longer comply with the order as the parties have dropped the appeal. Therefore, Ttmoto declared the lawsuit was over, adding that the parties have documented the terms of the settlement.

The best lawyer will respond

In response, Attorney Morgan reverberated, “It depends.” This suggests that the overall case appears to be calm, but some issues suggest that the problem is not completely over yet.

it depends

Sorry, I couldn’t help myself https://t.co/k4cpqug0fi

– Bill Morgan (@belisarius2020) April 4, 2025

So far, Ripple is the only party to confirm the dismissal of the appeal. Regulators have not officially confirmed whether they will no longer pursue Ripple appeal.

According to Ripple and other sources, decisions to dismiss appeals require a committee vote before it becomes official. This vote is usually held during the SEC closed door meeting and is accompanied by an official announcement.

Since Ripple announced its firing of the appeal, the SEC has held two meetings, on March 27th and April 3rd, 2025. However, no statements regarding Ripple’s dismissal of appeal occurred.

Meanwhile, attorney Fred Rispoli, founder of HODL Law, suggested that the Ripple lawsuit would be fully resolved before May 24, 2025. On March 25th, the lawyers predicted that the SEC would formally vote in the decision to dismiss the appeal within 30 days.

He added that Judge Analisa Torres will approve the decision within 30 days. Based on his analysis, attorney Rispoli expects the case to be fully resolved by May 24, 2025. It is not yet known whether predictions will come true.

Meanwhile, the Crypto community is waiting for the SEC vote, and subsequent statements confirm the decision to suspend the Ripple appeal.