A recent tweet by crypto analyst and investor Xaif has drawn considerable attention within the cryptocurrency community. Xaif highlighted that the U.S. Securities and Exchange Commission (SEC) has scheduled a closed meeting for 2:00 p.m. Eastern Time on Thursday, July 3, 2025.
According to the official Sunshine Act Notice issued by the SEC, this meeting will be held remotely and at the Commission’s headquarters in Washington, D.C. The notice confirms that the meeting will be closed to the public.
The official matters to be considered include institution and settlement of injunctive actions, institution and settlement of administrative proceedings, resolution of litigation claims, and other matters relating to examinations and enforcement proceedings.
The notice emphasizes that changes in the Commission’s priorities may require alterations in the meeting agenda, which could involve adjudicatory, examination, litigation, or regulatory matters.
🚨 XRP vs SEC: Is July 3 the Date the Lawsuit Officially Ends? 🤔
The SEC will hold a closed meeting on July 3 at 2:00 PM ET to discuss litigation resolutions, sparking rumors it may vote to withdraw its Ripple appeal. #XRP #Ripple pic.twitter.com/9RW03w9hc3
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) June 30, 2025
Connection to the Ongoing XRP Lawsuit
Xaif’s tweet focuses on the potential implications of this closed meeting for the ongoing litigation between the SEC and Ripple, the company associated with XRP. The analyst questioned whether July 3 could be the date when the lawsuit officially concludes.
This speculation is based on the inclusion of “resolution of litigation claims” in the list of topics to be discussed at the meeting. Xaif suggested that one possible outcome could be the SEC voting to withdraw its appeal in the Ripple case.
This speculation is particularly relevant given the protracted nature of the SEC’s legal action against Ripple, which has extended over several years. Although the official notice does not specify which litigation matters will be addressed, the coincidence of the meeting’s agenda with critical stages in the Ripple case has heightened anticipation among XRP holders and market participants.
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Reactions From the XRP Community
Several users on the social media platform X responded to Xaif’s post. One user, Michael, expressed cautious optimism, stating that in previous instances when the XRP community expected significant outcomes from Sunshine Act meetings, those expectations were often unmet. He suggested that managing expectations might be prudent, noting, “Maybe expect nothing and get a surprise.”
Marc Fagel, a retired securities lawyer, offered a humorous yet insightful commentary on the situation. Reflecting on his own experience attending SEC closed meetings, he remarked on how surprising it is to see such meetings become the subject of widespread speculation online.
Fagel’s comment highlighted the fact that while closed meetings are routine for regulatory bodies like the SEC, they are now increasingly monitored by the cryptocurrency community due to the high-profile nature of certain cases, such as the one involving Ripple.
Analysis of Possible Outcomes
While the meeting agenda includes general litigation matters, there is no official confirmation that the Ripple case will be specifically addressed. The Sunshine Act Notice cites legal exemptions under 5 U.S.C. 552b and related regulations that permit the meeting to remain confidential. As a result, the public will not have access to the details or outcomes of the discussions until any formal announcements are made by the SEC.
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 advised to conduct thorough 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.
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