$XRP Surges Past $3 as #Ripple Case Nears Potential #SEC Dismissal


$XRP climbed above $3 for the first time in over a week as speculation grows around a possible SEC case dismissal.


The token gained 4.5% in 24 hours amid rising investor confidence about regulatory clarity.


Lawyer Bill Morgan predicts the SEC may vote to dismiss its appeal before the Aug. 15 deadline for a joint court report.


Both #Ripple and the #SEC previously signed a conditional settlement agreement, though conditions weren't met at the time.


The nearly five-year legal battle began in December 2020 when the SEC alleged Ripple raised $1.3 billion through unregistered securities sales.


Judge Analisa Torres ruled in July 2023 that $XRP wasn't a security in retail sales but constituted one for institutional investors.


The court imposed a $125 million fine on #Ripple in August 2024, with funds already distributed between the SEC and Ripple.


A joint report due Aug. 15 could lead to appeal dismissal and case conclusion, pending court approval.


If approved, the case will reopen in district court for final authorization.

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August 07, 2025 at 2:46 PM
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