With the commencement of July’s “Crypto Week,” a new wave of rumors has flooded the crypto community, claiming that the U.S. Securities and Exchange Commission (SEC) will officially announce the end of its lawsuit against Ripple Labs. 😲
As XRP prices surge and optimism soars, is there any truth to this tantalizing tale? Let’s see what Coinpedia’s investigation uncovers.
Where Did This Juicy Gossip Originate?
The speculation began on social media and crypto forums, especially after the SEC listed a closed-door meeting on July 10. XRP enthusiasts and supporters have amplified these rumors, insisting that a final SEC announcement is imminent, possibly during “Crypto Week.” 🤫
But is there any solid evidence to back up this claim?
Fact Check: Is an SEC Announcement During “Crypto Week” Possible?
Despite the growing excitement and anticipation, former SEC lawyer Marc Fagel, the idea of a sudden announcement is not realistic. He said a settlement or ruling takes time, not days. “It usually takes a month or two for a vote on an enforcement recommendation.” ⏳
So, a quick update during “Crypto Week” is very unlikely. 😒
Fagel also clarified that Judge Analisa Torres currently has no jurisdiction over the case, as there are no pending motions before her. This means she cannot settle the case before July 14, further debunking the idea of an imminent court ruling.
The legal process is now in its final phase. Ripple has agreed to drop its cross-appeal, and the SEC is expected to do the same. However, the SEC must still complete an internal vote to withdraw its appeal, a step that has not yet happened.
Key Evidence Table: Coinpedia’s Fact Check
| Claim | Coinpedia’s Evidence |
| SEC will announce the end of the Ripple case during “Crypto Week” | No official confirmation; legal process takes 1–2 months |
| Judge Torres could settle the case before July 14 | Meanwhile, she has no jurisdiction or pending motions |
| SEC closed-door meetings signal imminent settlement | However, meetings are routine, not directly related to Ripple |
Conclusion
| Claim | The SEC will announce the end of the Ripple case within “Crypto Week.” |
| Verdict | False |
| Fact-Check by Coinpedia | There is no credible evidence or official statement to support the idea that the SEC will announce the end of the Ripple case during “Crypto Week.” Legal experts, including former SEC lawyer Marc Fagel, confirm that the process requires internal voting and formal steps that typically take one to two months. 📝
Meanwhile, the claim is based on viral misinformation, not fact. 😒 |
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2025-07-14 15:30