The U.S. Securities and Exchange Commission (SEC) is gearing up for a pivotal closed meeting, focusing on XRP and its related investment products.
What Will the SEC Discuss?
On February 27, 2025, the SEC plans to tackle issues related to XRP investment products, including a proposal from Cboe to list an XRP fund for trading. This meeting could signal a shift in regulatory attitudes, especially with the new administration’s approach toward cryptocurrencies.
Will Grayscale’s Request Impact the Market?
In January 2025, Grayscale Investments aimed to convert its $16 million XRP trust into a fund, with a decision expected by October 18, 2025. This timeline coincides with other significant altcoin ETF applications, adding further complexity to the ongoing legal disputes involving Ripple.
Potential Outcomes of the SEC Meeting
The outcome of the SEC meeting may influence both the XRP fund approval process and Ripple’s legal challenges. Experts predict a possible resolution of Ripple’s case before the SEC’s decision on the fund.
The details emerging from the SEC’s upcoming meeting could play a crucial role in shaping the future of XRP and its related investment products, making it an event of great significance for the market.
