The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be approaching its final phase, but questions remain.
Old Tweet – Sources of Confusion
A tweet from Eleanor Terrett that has gone viral again suggests that the SEC may address the dismissal of the Ripple case at a closed-door meeting on Thursday. However, many are unaware that this tweet is from March and does not reflect current events.
Current Status of Ripple vs. SEC Case
Ripple and the SEC reached a partial resolution some time ago, with Ripple agreeing to a civil penalty for past sales of XRP, while the court ruled that XRP is not a security on secondary markets. However, the final paperwork and an official SEC statement are still pending.
Impact on XRP and Crypto Market
Many analysts believe that once the SEC officially announces the release of the case, it could pave the way for new institutional adoption of XRP and potentially drive its price upward. However, until the SEC officially confirms the dismissal, it is premature to declare victory.
Currently, the claim that the Ripple vs. SEC case will conclude this Thursday is based on an outdated tweet and speculation. There is no confirmed date for the final announcement yet.
