Following last week’s SEC meeting behind closed doors, which yielded no big updates for Ripple’s case, the crypto community is now turning its attention to another meeting the SEC has scheduled for August 1st.
The upcoming meeting is set to take place at 2 pm Washington time on Thursday
The agenda for the meeting includes several key points. The SEC plans to discuss the institution and settlement of injunctive actions, as well as administrative proceedings. Additionally, they will address the resolution of litigation claims. The meeting will also cover other matters relating to examinations and enforcement proceedings.
Amidst these developments, rumors are circulating on Twitter that Judge Analisa Torres is attempting to reach a final judgment in the years-long case between the SEC and Ripple this week. However, it’s important to note that this information is currently unverified and originates from social media sources.
BREAKING: Judge Analisa Torres is in the middle of deliberations, trying to come up with a final judgement for the years-long case between the SEC and @Ripple this week! #XRP pic.twitter.com/Dn4S6tbqwf
— JackTheRippler © (@RippleXrpie) July 29, 2024
The XRP price is showing positive performance amid these developments. It has seen a 3% increase over the past week and is currently trading above $0.61.
For context, last July, following a positive ruling in the Ripple vs SEC case, the XRP price surged from around $0.47 to $0.75.
Considering the current market conditions, which appear more favorable than a year ago, there is speculation that the XRP price could potentially reach above $1 if news from the upcoming meeting is indeed positive.
Read also: YouTuber Makes Urgent Solana Price Prediction as SOL Nears $200
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