So the "standard" will cease to exist.
The file format remains known and will continue to exist in the public domain.
This software is copyright (C) 1991-1998, Thomas G. Lane. All Rights Reserved except as specified below.
...
It appears that the arithmetic coding option of the JPEG spec is covered by patents owned by IBM, AT&T, and Mitsubishi. Hence arithmetic coding cannot legally be used without obtaining one or more licenses. For this reason, support for arithmetic coding has been removed from the free JPEG software. (Since arithmetic coding provides only a marginal gain over the unpatented Huffman mode, it is unlikely that very many implementations will support it.) So far as we are aware, there are no patent restrictions on the remaining code.