The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be nearing its end, with July 17 marked as a potential turning point.
Future of Ripple vs SEC Case
The Ripple vs SEC case, initiated in December 2020 over allegations of unregistered securities offering, may conclude on July 17. A 2023 interim decision noted that Ripple's programmatic sales did not violate the law, while institutional sales were found to be a breach.
Closed SEC Meeting Sparks Appeal Withdrawal Rumors
A recent social media post ignited rumors that the SEC might announce the withdrawal of its appeal against Ripple. This discussion is linked to a closed meeting scheduled for July 17 at the SEC's Washington office.
Confirmation of Final Case Phase by Former SEC Director
Marc Fagel, former SEC Regional Director, confirmed that the case is in its final phase, emphasizing that no one is holding up the process. 'Nobody is holding up the case — not the judge, not the SEC,' he stated.
The litigation between Ripple and SEC is progressing towards its final steps, with many looking forward to an announcement on July 17 that may confirm the long-awaited conclusion of this case.
