XRP Lawsuit: How Will April 3 SEC Meeting Decide Fate of Ripple vs SEC Case?
Highlights
- Experts believe that the US SEC's closed-door meeting today could bring clarity to the XRP lawsuit.
- The commission may vote on whether to dismiss the appeal in the case.
- If dismissed, this development could significantly impact the crypto industry.
The Ripple community has been keenly watching for updates on the prolonged XRP lawsuit as the case nears its ultimate resolution. While the US Securities and Exchange Commission (SEC) has scheduled a closed-door meeting today, all eyes are on its potential implications for the Ripple vs SEC case.
Notably, experts believe that the SEC’s closed-door meeting could bring regulatory clarity on XRP and broader digital assets. Let’s explore expert insights and the possible implications of today’s meeting on the XRP lawsuit and the crypto industry.
XRP Lawsuit: SEC’s Meeting To Bring Regulatory Clarity
The XRP community is anticipating an imminent Ripple vs SEC case settlement, especially following Brad Garlinghouse’s critical statement. As XRP lawsuit nears its end, the community awaits an official confirmation from the US Securities and Exchange Commission.
Reportedly, the US SEC’s closed-door meeting scheduled on April 3, 2025, would bring more clarity to the Ripple lawsuit. Market analyst STEPH IS CRYPTO suggested that the SEC would discuss the Ripple lawsuit, potentially deciding on the fate of XRP.
How Will the April 3 SEC Meeting Impact XRP Lawsuit?
As per expert insights, the US SEC is expected to include the XRP lawsuit as a key topic of discussion during the closed-door meeting scheduled today. The Commission is set to decide whether to drop its appeal claiming XRP is a security. This crucial vote, happening today, could determine the future of Ripple’s XRP.
Further, the US House crypto hearing on April 9 is expected to focus on the structure of the crypto market. The House will discuss the necessity of introducing a solid regulatory framework for the crypto industry.
Is the Ripple vs SEC Case Over?
In a surprising turnaround, Ripple CEO Brad Garlinghouse revealed that the SEC dropped its appeal in the XRP lawsuit, following which the company withdrew its cross-appeal. This significant development has sparked enthusiasm within the XRP community, anticipating a swift settlement in the prolonged Ripple vs SEC case.
However, legal expert Fred Rispoli clarified that the lawsuit wasn’t over as there are still procedures pending. He posited that the Ripple case could be settled within two months with the SEC commission’s vote on the matter. If today’s vote concludes to drop the appeal, the case could surprisingly wrap up.
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