According to CryptoPotato, speculation about a potential settlement between Ripple and the US Securities and Exchange Commission (SEC) has intensified due to an agency-closed meeting scheduled for July 25. The meeting will address topics such as the institution and settlement of administrative proceedings and the resolution of litigation claims. This has led some industry participants to believe that the ongoing legal battle between Ripple and the SEC might soon reach a conclusion. However, others have noted that the SEC frequently holds such meetings without discussing a settlement with Ripple.

The legal dispute, which has been ongoing for some time, initially saw the SEC seeking a $2 billion fine from Ripple. Ripple, on the other hand, argued for a significantly lower amount, no more than $10 million. Recently, the SEC reduced its demand to $102.6 million, suggesting potential progress towards a resolution.

American lawyers Fred Rispoli and Jeremy Hogan are among those who anticipate a near-term resolution. Rispoli believes that an agreement could be reached as early as this month, while Hogan suggests it might happen before the end of the summer. Ripple CEO Brad Garlinghouse also commented on the matter last week, indicating that the process might conclude