Lawyer Predicts XRP Lawsuit Dismissal More Likely To Happen Than Not Before August 15th

Lawyer Bill Morgan has shared that the appeal case between Ripple Vs SEC case is most likely to be dismissed before the August 15 status report deadline. This highlights the increasing confidence among legal analysts on the outcome of the XRP lawsuit.

Lawyer Says XRP Lawsuit Appeal Dismissal Now a Matter of Timing

In a recent X post, renowned lawyer Bill Morgan stated that the Ripple-SEC case could see a final resolution before August 15. In clear terms, he said it is more likely to happen than not.

Dismissal of the appeals may happen, and is more likely to happen than not, before the 15 August deadline to report to the appeal court on the status of the appeals. 15 August, however, is not a deadline for the parties to dismiss their respective appeals.

He also weighed in on recent misinterpretations circulating online regarding the XRP lawsuit. He clarified that Judge Analisa Torres has already fulfilled her judicial role in the case.  Contrary to popular belief, no pending decision is expected from her. The final steps now rest with the SEC commissioners and Ripple, both of whom must officially move to dismiss their appeals.

Morgan noted that Ripple previously committed to dropping its appeal and even signed a conditional settlement agreement with the SEC. However, those conditions were not met at the time.

Echoing Morgan’s sentiments, former SEC attorney Marc Fagel confirmed that Judge Torres’ involvement is complete, and any remaining legal actions hinge solely on the mutual decisions of Ripple and the SEC. Fagel also pointed out that Judge Torres’ ruling against Ripple would automatically take effect once the appeals are withdrawn.

Fagel also addressed ongoing claims about Ripple’s financial penalty. He confirmed that Ripple has deposited the $125 million penalty into an escrow account managed by its legal counsel. The funds, however, have not yet been released to the U.S. Treasury, which will likely occur once the appeal process is officially concluded.

XRP Adoption Surges as Appeal Case Nears End

With the XRP lawsuit nearing an end, corporate confidence in XRP has become a trend. Bill Morgan earlier highlighted that an increasing number of companies are adding XRP to their treasuries.

SEC filings show that companies like Flora Growth Corp and Hyperscale Data Inc. have begun disclosing XRP holdings. Hyperscale’s subsidiary, Ault Capital Group, plans to invest $10 million in XRP. This signals its intent to use the token for cross-border settlements.

Similarly, vertical farming firm Nature’s Miracle announced a $20 million XRP treasury initiative. Backed by an S-1 equity registration approved by the SEC, the investment solidifies the company’s long-term faith in XRP as a treasury asset.

As the August 15 deadline for the status report approaches, the XRP community is feeling increasingly positive.  Some analysts have placed the odds of a settlement at 70–90%. They are speculating that any final deal could include a reduced penalty of $50 million and, crucially, no injunctive restrictions on Ripple’s activities. The anticipation is based on the belief that both Ripple and the SEC want to avoid prolonging the case any further.