A closed meeting of the U.S. Securities and Exchange Commission (SEC) scheduled for July 3, 2025, has attracted attention regarding a possible resolution of legal disputes with Ripple Labs.
Closed SEC Meeting
The meeting, set for 2:00 PM Eastern Time, was officially listed on the SEC’s website and includes a reference to the Sunshine Act Notice. Due to the closed nature of the meeting, the details of the agenda remain undisclosed.
Rumors about Ripple
Crypto analyst Xaif indicated in a post on X that the meeting could coincide with a significant development in the long-standing legal case between SEC and Ripple Labs. He stated, 'There were rumors the SEC would officially drop the appeal today (July 3, 2025, 2:00 PM ET) and finally end the case.'
Community Opinions
Enthused by the rumors, users on X shared various perspectives. One user, AizenGetsu, suggested that since Ripple has complied with its penalty, the SEC could close the case. Another user, BLKSHP, urged caution by stating that expectations do not always materialize.
The SEC's closed meeting may lead to significant changes in the legal proceedings against Ripple. If the SEC does drop its appeal, it could have substantial implications for the regulation of digital assets in the U.S.
