There have been a lot of online discussions on important dates in the Ripple vs dry case in progress, especially on July 3 and August 15. But according to legal experts, none of these dates is of official importance in the trial.
Recently, Ripple CEO Brad Garlinghouse, announced on X (formerly Twitter) that Ripple officially abandoned his transversal trick in the longtime case with the Securities and Exchange Commission (SEC) of the United States. He also said that the SEC should also give up, as indicated above.
So what’s going on?
A user asked: “Since Ripple announced that he would not appeal from the judge Annala Torres during the 2nd decision. What is the next step for the dry, Ripple and the Court? ”
The former SEC lawyer Marc Fagel, explained that the SEC should still organize a vote to officially reject his appeal. After that, Ripple and the SEC must submit legal documents confirming the dismissal. It is only then that the previous decision of the court will take full effect.
When will it happen?
There is no confirmed calendar. Fagel clearly said that no one knows the exact dates. Some people said on August 3 or 15, as possible, but Fagel said that these dates had no official link with the current case process.
For the moment, it’s a waiting game. The layoffs are expected in the coming weeks, and although it could be done quickly, it could also take a little more time.
In short, no big decision arrives on August 3 or 15. The legal process is progressing, but the exact dates remain uncertain.