Source: SEC will hold a secret meeting next Thursday to finalize Ripple lawsuit
On July 13, Coinedition reported that the U.S. Securities and Exchange Commission plans to hold a closed-door meeting next Thursday (July 18). Although the official agenda has not been disclosed, sources said that this meeting may address the Ripple lawsuit and potential settlements. According to the circulated internal notice, and considering the importance of Ripple and the multiple legal proceedings involved in the SEC, many in the crypto community speculate that this will be the focus.
Ripple and the U.S. Securities and Exchange Commission (SEC) have been engaged in a protracted legal battle that has lasted for several years. The community believes that this case has hindered Ripple from being widely used for payments. According to market data, XRP has risen 27% in the past week.