The Ripple - SEC lawsuit is nearing its conclusion, but the announcement may be delayed until August.

The long legal battle between Ripple and the Securities and Exchange Commission of the United States (SEC) is coming to an end. As both parties withdraw their appeals, attention now turns to the next developments.

However, a member of the XRP community has stated that the SEC will not make any official announcement regarding the lawsuit before August 7, raising questions about the possibility of a delay.

Ripple's legal head, Stuart Alderoty, hinted that all necessary documents for an agreement have been prepared. The next step now depends on the SEC, the agency expected to vote on the matter within the next 30 days.

After the voting is completed, the SEC will proceed to lift the ban on Ripple. If Ripple complies with the process, Judge Analisa Torres will sign off on this decision, officially closing the lawsuit.

Will the SEC hold silence until August 7?

To further fuel speculation, an XRP supporter named Brett recently made a bold statement on social media. He claims that the SEC will not make an official announcement about the lawsuit before August 7, citing a court document as the basis.

Brett's post quickly attracted attention, with some community members considering it an important development. However, not everyone agrees. Many pointed out that the document he referred to is actually from last year, making the validity of this statement questionable.

Former SEC lawyer Marc Fagel even completely dismissed the above statement, calling it "absurd and wrong." This conflicting information has caused the XRP community to be divided about what is really happening.

No official announcement from SEC yet

Although both the SEC and Ripple have withdrawn their appeals, the agency has not yet issued an official announcement, raising speculation that the lawsuit may have been settled. However, complex legal procedures may be the reason for the delay in this process.

Fox Business reporter Eleanor Terrett believes that the SEC may be waiting to ask Judge Torres to lift the injunction— a different approach compared to how previous lawsuits have been handled.

Currently, XRP investors are eagerly waiting for clarity, hoping that the lawsuit will conclude and provide legal certainty for Ripple as well as their token.

You can view the price of XRP here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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