Discussions within the XRP community suggest that the U.S. SEC could announce the withdrawal of its appeal against Ripple.
Community figure Abdullah “Abs” Nassif highlighted this speculation in a tweet, which he tagged as a “new market rumor.”
According to him, the SEC could drop its appeal as early as tomorrow, July 17, 2025. The source he cited originated from an article that speculated based on an upcoming SEC meeting.
SEC Schedules New Closed-Door Meeting
Indeed, the SEC plans to hold a closed-door meeting at 2:00 p.m. tomorrow at the commission’s headquarters in Washington, DC. Officials can also join the meeting virtually. Those attending the meeting include SEC commissioners, the commission’s secretary, and counsel to the commissioners.
As in previous closed-door meetings, the subject matter revolves around the settlement of injunctive actions and administrative proceedings, as well as the resolution of litigation claims. Additionally, the SEC will also deliberate on other matters linked to enforcement proceedings.
Why the SEC Could Announce Withdrawal of Ripple Appeal
Amid this upcoming meeting, speculation that the SEC will withdraw its appeal against Ripple has gained momentum. Historically, the agency has decided such matters after its closed-door meetings.
For instance, the commission hinted at plans to resolve the longstanding Ripple lawsuit following its closed-door meeting in April. The SEC also halted and dismissed its enforcement actions against other crypto projects after its internal meetings.
Following its consistency, some enthusiasts believe the commission will announce dropping its appeal in the Ripple lawsuit.
SEC and Ripple Poised to Withdraw Appeals
Meanwhile, the SEC has already signaled its interest in withdrawing the appeal since March following an agreement with Ripple. It agreed to an unconditional withdrawal of its appeal.
However, as part of efforts to dismiss its cross-appeal, Ripple struck a deal with the commission to pay a reduced fine of $50 million and dismiss the injunction imposed on its future institutional sales of XRP.
The SEC agreed to these demands and jointly filed a motion in a federal court, presided over by Judge Analisa Torres, seeking an indicative ruling to grant the relief. Judge Torres denied the motion, prompting the parties to re-file another motion, which was also rejected.
As a result, Ripple CEO Brad Garlinghouse announced last month that the company would drop its cross-appeal. Garlinghouse said he expects the SEC to make a similar move and withdraw its appeal.
More than two weeks since Ripple confirmed that it would no longer pursue its cross-appeal, the SEC has yet to announce the withdrawal of its appeal. Whether the SEC will make the announcement tomorrow after its closed-door meeting remains to be seen.
Former SEC Lawyer Reacts
Meanwhile, former SEC lawyer Marc Fagel reminded the XRP community that the SEC holds confidential closed meetings every Thursday. Any claims about the agenda are speculative.
He stressed that while it’s expected the SEC will vote to dismiss the Ripple appeal soon, the exact timing remains unknown to outsiders.
Reminder: The SEC holds a closed meeting every Thursday. The agenda is confidential, and anyone claiming to know what's on it is making it up. There's no doubt the SEC will be voting to dismiss the Ripple appeal in the coming weeks, but nobody outside the SEC knows exactly when.
— Marc Fagel (@Marc_Fagel) July 15, 2025
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