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- SEC commissioners are expected to vote on ending their legal appeal against Ripple Labs this week.
- The March 27 vote coincides with the Senate’s first hearing to confirm Paul Atkins as SEC Chair.
- Ripple’s cross-appeal and $125M fine remain the final issues as negotiations with the SEC continue.
The legal court struggle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may reach its most crucial stage this week. The SEC commissioners plan to vote on their appeal against Ripple Labs during their scheduled official meeting on Thursday, March 27, based on the estimation of crypto legal commentator Zach Rector.
The SEC officials will conduct the vote for the appeal behind secure walls at 2:00 p.m. Eastern Time from the Washington, D.C. headquarters. The scheduled meeting agenda does not mention Ripple by name but mentions resolving civil litigation and enforcement matters that could be related to these discussions.
Zach Rector expects the official announcement about appeal termination to start following the vote outcome. The XRP community currently displays heightened interest in this development because multiple people hope to receive formal confirmation about the termination of the extended legal dispute.
Eleanor Terrett, who covers crypto news, expects the SEC to drop the case within this week officially. Ripple has confirmed that the SEC has accepted withdrawal terms for its appeal, yet the commission has not provided any official public statement.
The scheduled meeting contains items about establishing injunctive actions and settlements for administrative proceedings. The relevance of the commission’s vote to the Ripple case has led analysts to predict the commission will discard its ongoing legal challenges.
Leadership Confirmation and Implications for Ripple’s Cross-Appeal
March 27 also marks the first Senate hearing to confirm Paul Atkins as the new Chair of the SEC. Former President Donald Trump nominated Atkins in December 2024, and the hearing will also cover key financial leadership roles.
Acting Chair Mark Uyeda took control of leading the commission while waiting for Atkins’ confirmation appointment because he managed crucial decisions for the commission. Under Uyeda’s leadership at the SEC, a significant change in cryptocurrency policy has resulted in the dissolution of the crypto enforcement unit alongside major lawsuit terminations.
The court will continue only with Ripple’s cross-appeal after the SEC officially discontinues its appeal. The cross-appeal must overturn the previous court order that imposed a $125 million penalty alongside a permanent ban on XRP institutional token sales.
Ripple CEO Brad Garlinghouse demands that the SEC removes every outstanding punishment and limitation in their ongoing dispute. Both parties are involved in ongoing talks, but no one knows if this process will result in an agreement.
A determination from the March 27 meeting will establish the future direction for the ongoing Ripple case. A formal appeal dismissal by the SEC would represent one of the largest developments in the legal proceedings. After the Security Commission votes, there will be a formal public declaration by the SEC.
Also Read: Ripple Challenges SEC, Urges Clearer Digital Asset Guidelines in Formal Letter
