According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has canceled a closed-door meeting that was originally scheduled for 2 PM Eastern Time on July 18. The information was disclosed on the SEC's official website.

Previously, BlockBeats reported that sources indicated the meeting might address the ongoing Ripple lawsuit and potential settlement options. An internal notice suggested that, given Ripple's significance and the SEC's involvement in multiple legal cases, many in the crypto community speculated that this meeting would be a focal point.