Ripple vs SEC Case As of July 30, 2024: Another On August 1

The U.S. Securities and Exchange Commission (SEC) has scheduled a closed meeting on August 1, 2024, sparking renewed speculation within the XRP community. This is the third time the SEC has convened a meeting related to this matter, having previously scheduled sessions on July 18 and 25.

The agenda for the upcoming closed meeting encompasses a broad range of topics, including the institution and settlement of injunctive actions, administrative proceedings, resolution of litigation claims, and matters on examinations and enforcement proceedings.

Is the SEC Planning a Settlement With Ripple?

While the SEC has not explicitly stated the specific focus of the meeting, the XRP community has been particularly attentive to these developments, given the ongoing legal dispute between the SEC and Ripple.

JackTheRippler (@RippleXrpie), a prominent figure in the XRP community, has drawn attention to the new scheduling change, suggesting potential implications for the XRP case. The SEC’s decision to postpone the meeting twice before this latest announcement has fueled speculation among XRP holders and enthusiasts.

It is essential to note that the closed nature of the meeting precludes public disclosure of the specific matters under discussion. Consequently, any assertions regarding the meeting’s focus on the XRP case are speculative at this time. The SEC’s agenda outlines potential topics for consideration, and it remains unclear whether the XRP-related issues will be a primary focus of the deliberations.

An expert recently explained why the SEC cannot classify XRP as a security, highlighting weaknesses in the SEC’s lawsuit and reasons it cannot appeal if Ripple wins. The SEC’s case is falling apart and a settlement could be the best recourse.

However, not everyone shares this view, as a prominent attorney believes a crucial hurdle will prevent the settlement. This is because a settlement will require concessions from both parties, with no clear winner at the end of the lawsuit. He believes this outcome is unlikely, and doesn’t believe either party will give up.

As the date of the closed meeting approaches, the community is eagerly watching, and that anticipation and speculation will increase. However, definitive information regarding the meeting’s outcome and any potential impact on the XRP case will not be available until after the conclusion of the proceedings.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News