Former U.S. Securities and Exchange Commission (SEC) lawyer Marc Fagel has stated that both Ripple and the SEC are likely to dismiss their appeals in the ongoing XRP lawsuit before the upcoming August 15 deadline. Fagel’s comments arrive amid increasing speculation surrounding this date, which marks the due date for a joint status report on the status of the appeals. While it does not serve as a legal cut-off point for filings, Fagel believes the parties may act before that time to finalize the process. In a recent statement on X, Fagel clarified that August 15 is a reporting deadline and not a requirement for appeal dismissals to be filed by then. “I believe that’s the date for the parties to report on the status of their appeals. It doesn’t mean it’s a hard deadline by which they must file their dismissal papers, but I assume they will try to do so before then,” he wrote. Dismissals Expected but Not Yet Filed The XRP community has been closely monitoring developments following Ripple’s announcement regarding the dismissal of its appeal . CEO Brad Garlinghouse had earlier suggested that Ripple intended to drop its appeal, prompting speculation about a broader resolution. However, as of now, neither Ripple nor the SEC has submitted any formal documentation to dismiss their respective appeals. Marc Fagel has indicated that this delay is procedural rather than strategic. In his view, the necessary steps for withdrawal are in progress but not immediate. He mentioned that once the required internal approvals are completed, particularly on the SEC’s side, dismissal filings will likely follow within the typical timeframe of one to two months. I believe that’s the date for the parties to report on the status of their appeals. It doesn’t mean it’s a hard deadline by which they must file their dismissal papers, but I assume they will try to do so before then. — Marc Fagel (@Marc_Fagel) July 28, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Drawn from the Timeline Although the community is anticipating some kind of closure or definitive movement in the case by August 15, Fagel has stressed that the date is more procedural than decisive. Nonetheless, he believes that both parties are moving in the direction of appeal dismissals and will likely finalize them before that date. While this does not guarantee a full settlement or end to the litigation, it would signal a significant shift in the lawsuit’s trajectory. As the deadline approaches, attention remains fixed on whether both Ripple and the SEC will complete the dismissal process in advance. If they do, it would indicate a major procedural milestone in the years-long legal battle. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) Case: Ex-SEC Lawyer Makes Notable Point About August 15 Deadline appeared first on Times Tabloid .