The SEC's closed meeting on January 30 has revived interest in the Ripple case. The XRP community is hopeful for potential developments.
Significance of the SEC Closed Meeting
The closed meeting, scheduled in advance and announced on the SEC's website, attracted attention with the involvement of acting SEC Chair Mark Uyeda and Commissioner Hester Peirce. Uyeda is known for his critical view of using enforcement actions to regulate cryptocurrency. The meeting covered topics like the institution and settlement of administrative and litigation claims, and other issues related to examinations and enforcement proceedings.
Changes in the Ripple Case
Adding to the anticipation, reports suggest that the SEC has removed all references to Ripple from its litigation releases section on its website. This has led to speculation that the lawsuit involving Ripple might be nearing its end. Although this change is not conclusive proof that the case is over, it has certainly sparked interest within the XRP community.
Brad Garlinghouse's Comment
Brad Garlinghouse, Ripple's CEO, recently spoke on the dangers of crypto maximalism and the importance of a more inclusive approach in the industry. Garlinghouse, who owns various cryptocurrencies such as XRP, Bitcoin, and Ethereum, expressed his belief that a collaborative attitude is essential for advancing the crypto space.
While no official confirmation has been given, the XRP community remains hopeful that changes in the Ripple case may signal progress. Uyeda's interim leadership could favor clarity and fairness in the crypto industry.
