The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues, with the upcoming SEC meeting sparking discussion and speculation.
Discussion of SEC Meeting on July 3
Attention from the XRP community has turned towards the closed SEC meeting scheduled for July 3 at 2 p.m. ET, with many speculating it could be a turning point in the case, while others urge caution.
Reactions from Legal Experts
A user under the alias RippleRadar fueled speculation on the X social media platform, suggesting that the meeting might signify the end of the Ripple case. However, former SEC attorney Marc Fagel dismissed the excitement, noting that the weekly meetings do not provide new insights into Ripple's timeline.
Ripple's Steps to Resolve the Conflict
Ripple CEO Brad Garlinghouse confirmed the company's decision to withdraw its cross-appeal regarding XRP's status, stating that they will focus on 'building the Internet of Value.' This decision followed a critical ruling from U.S. District Judge Analisa Torres rejecting the SEC's financial penalties.
With both parties showing signs of stepping back from protracted litigation, the events surrounding the SEC meeting on July 3 remain uncertain, though Ripple's recent actions highlight a desire to reduce conflict.
