Ripple vs SEC Lawsuit As of July 18, 2024: Today’s SEC Close-Door Meeting
The Securities and Exchange Commission (SEC) is holding a closed-door meeting today, July 18th, 2024. The meeting focusing on enforcement actions, including initiation and settlement of legal actions and administrative proceedings, has sparked significant interest, particularly regarding the ongoing lawsuit between the SEC and Ripple Labs.
While the specific topics remain confidential to protect sensitive investigations and market stability, the nature of the meeting suggests the SEC might be nearing settlements or making progress in its enforcement efforts. This has led to speculation, particularly concerning the high-profile case against Ripple Labs, a blockchain company that majorly distributes XRP.
