RYVYL Inc..
3131 Camino Del Rio North, Suite 1400
San Diego, CA 92108
July 11, 2025
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Technology
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Ryvyl, Inc. | |
| Registration Statement on Form S-1 | ||
| Initially filed February 14, 2025, as amended | ||
| File No. 333-284986 |
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, Ryvyl, Inc., hereby requests acceleration of effectiveness of the above referenced Registration Statement on Form S-1 so that it will become effective at 5:00 p.m., Eastern Time, on Monday, July 14, 2025 (the “Effective Time”). The Company hereby grants to each of Sarah W. Williams, Esq. and Scott M. Miller, Esq. of Ellenoff Grossman & Schole LLP the authority to communicate to the staff of the U.S. Securities and Exchange Commission one or more requests for any potential deferral of the Effective Time.
| Very truly yours, | |
| /s/ Fredi Nisan | |
| Fredi Nisan | |
| Chief Executive Officer |
| cc: | Ellenoff Grossman & Schole LLP |