Ripple vs. SEC: Could a Secret Meeting Signal the End of the Legal Battle?
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(Date: Friday 13 July 2024, 11:145 AM GMT):
In the cryptocurrency market today, $XRP , the native coin of Ripple, has seen a notable surge. Over the past 24 hours, XRP jumped by 9.18%, crossing the $0.50 mark. This sudden price hike is linked to speculation about a secret meeting, as reported by CoinEdition. The U.S. Securities and Exchange Commission (SEC) has scheduled a closed-door meeting for next Thursday, July 18, sparking rumors that the regulatory agency may be nearing a resolution in its long-standing legal battle with Ripple Labs.
Although the official agenda for the meeting remains undisclosed, sources suggest it could address the Ripple lawsuit and possible settlement options. An internal circular, which has been making rounds on Crypto Twitter, indicates that attendees will include SEC commissioners, their counsel, the secretary to the commission, and recording secretaries. Select staff members interested in the topics on the agenda are also invited.
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