• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC Meeting on Ripple Case: Implications for XRP

user avatar

by Giorgi Kostiuk

8 hours ago


Today, July 10, the U.S. Securities and Exchange Commission (SEC) is conducting a closed meeting that could have a significant impact on the Ripple case. Analysts like STEPH IS CRYPTO speculate about possible price changes for XRP if the SEC decides to withdraw its appeal.

Overview of the Ripple vs SEC Case

The legal battle between SEC and Ripple Labs began in December 2020 when the SEC filed a lawsuit, claiming that Ripple's sale of XRP was an unregistered securities offering. After Judge Analisa Torres' ruling in July 2023, where it was established that XRP sales to retail investors are not considered securities, both parties filed appeals.

Significance of the SEC Meeting

Today's SEC meeting, held under the Government in the Sunshine Act, includes 'resolution of litigation claims' on the agenda, raising speculations about the Ripple case. If the SEC votes to dismiss its appeal, it would mean the resolution of many years of regulatory uncertainty for XRP.

XRP's Potential if Conditions Change

Experts believe that an SEC withdrawal could open new opportunities for XRP, such as relisting on exchanges and institutional adoption. XRP is currently trading close to a critical breakout level, and this meeting could serve as a catalyst for significant price increases. If the SEC takes steps to end the case, it may lead to a historic breakthrough for XRP.

The SEC's closed meeting could be a defining moment for XRP, providing much-needed clarity on the asset's legal standing. If the SEC withdraws its appeal, Ripple will achieve a partial legal victory, potentially opening new horizons for XRP.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Ethereum Rises by 4.5%: Crypto Market Updates

chest

Cryptocurrency prices are on the rise, with Ethereum increasing by 4.5% despite potential fluctuations.

user avatarGiorgi Kostiuk

PEPESCAPE Introduces $PESC Token and DeFi Ecosystem Presale

chest

Today marks the launch of the $PESC token presale by PEPESCAPE, a new project in the DeFi space offering decentralized financial tools.

user avatarGiorgi Kostiuk

BIT Mining to Raise $300M for Solana and Shift Strategy

chest

BIT Mining aims to raise $300 million and convert its holdings to Solana, highlighting a strategic pivot in the cryptocurrency industry.

user avatarGiorgi Kostiuk

Overview of TKL’s Gold Price Forecast and Economic Conditions

chest

Analysts reassess their economic outlook as TKL predicts gold prices could rise to $5000 with Fed rate cuts.

user avatarGiorgi Kostiuk

KULR Technology Group's Bitcoin Investment Strategy: A New Era of Institutional Assets

chest

KULR Technology Group announced a $10 million Bitcoin acquisition, increasing its holdings to 1,021 BTC.

user avatarGiorgi Kostiuk

US Announces Establishment of Strategic Bitcoin Reserve in 2025

chest

US establishes strategic Bitcoin reserve, altering crypto policy; impacts on global financial systems implied.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.