The legal battle between Ripple and the SEC is once again in the spotlight. A closed meeting and rumors of possible changes are reigniting interest in the case.
SEC's Closed Meeting and Potential Changes
The U.S. Securities and Exchange Commission (SEC) is preparing for a closed-door meeting on February 27, 2025. It is known that the topic of an XRP ETF will be discussed, raising expectations among market participants about the resolution of the long-standing legal battle.
Former SEC Lawyer Comments on Ripple Debate
Former SEC lawyer Marc Fagel clarified that the ETF and Ripple's discussion are not related. He emphasized that meeting agendas are confidential and there is no reason to believe Ripple is on the agenda. Fagel also mentioned the SEC might drop the Ripple appeal despite the court ruling finding the company's legal violation.
History of Ripple's Lawsuit and Its Market Impact
The legal proceedings began in December 2020 when the SEC accused Ripple of selling XRP as an unregistered security, causing the token's price to drop nearly 80%. However, in 2023, the court declared XRP not a security, which provided hope to investors. Positive news like Gary Gensler's resignation from the SEC in November 2023 resulted in XRP's price increasing by 25%.
The situation surrounding Ripple continues to evolve, and the SEC's closed meeting could affect the course of future events. Regardless of the outcomes, attention to XRP remains high, which may impact its market value.
