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The Ripple vs U.S. Securities and Exchange Commission (SEC) case continues to fuel endless debates online. Many in the crypto community have been wondering just how much longer this legal battle will go on. Some have voiced concerns that the SEC might be delaying the process, but that’s not actually the case.
Recently, former SEC lawyer Marc Fagel stepped in to clear up the confusion. He explained that neither the SEC nor the judge is holding up the case. Ripple and the SEC had agreed to drop certain parts of the case, but they still need to follow legal procedures before it’s officially closed. According to Fagel, this is a standard process that usually takes one to two months, and there’s nothing unusual about it in this situation.
XRP Price Rises
While legal discussions carry on, XRP’s price has been making headlines. Over the past 19 days, the cryptocurrency has surged by an impressive 50%. In just the past week alone, it’s up about 29%, and over 6% in the last 24 hours.
At the time of writing, XRP is trading around $2.93, with resistance seen at the $2.90 mark. If it breaks past $3, it could quickly head toward its all-time high. With the broader crypto market now back to a market cap of over $3.7 trillion, interest and liquidity are clearly returning.
Additionally, the U.S. Crypto Week 2025 will be held from July 14 to 17, raising hopes for clear crypto regulations. Lawmakers are set to review three key bills — the CLARITY Act to define crypto assets, the GENIUS Act to create stablecoin rules, and the Anti-CBDC Act aimed at limiting central bank digital currencies.
