On March 13, 2025, the SEC will conduct a closed meeting to discuss various enforcement actions and administrative proceedings, including the Ripple case.
Scheduled SEC Meeting
The U.S. Securities and Exchange Commission (SEC) has announced a closed meeting scheduled for March 13, 2025, at 2:00 p.m. The meeting will take place remotely and at the SEC headquarters in Washington, D.C.
Ripple's Push for Better Terms
According to FOX Business, Ripple is pushing for better terms on a $125 million fine and XRP sales. This could be addressed in the upcoming meeting.
Legal Framework for the Meeting
The meeting's closure is based on exemptions provided by the Government in the Sunshine Act, allowing closed sessions for sensitive matters. Although the meeting is private, the act requires the SEC to provide advance public notice.
The upcoming meeting may be a crucial step in resolving the Ripple case and significantly impacting the cryptocurrency market.
