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January 30, 2025 by Mutuma Maxwell
- The SEC held a closed-door meeting, fueling speculation about the Ripple lawsuit.
- The meeting agenda included litigation settlements and enforcement matters.
- XRP supporters believe the case may be nearing a resolution.
A closed-door meeting at the U.S. Securities and Exchange Commission (SEC) today has fueled speculation about the Ripple lawsuit. The SEC’s agenda includes discussions on litigation settlements and enforcement matters, raising hopes among XRP supporters. With ongoing legal battles, many wonder if this meeting signals the end of the long-running case.
Ripple Case Nears End as SEC Updates Website
Today, the SEC’s closed session is the fifth one this year, and it has drawn significant attention from the XRP community. Acting Chair Mark Uyeda and Commissioner Hester Peirce will participate, adding to the anticipation. Uyeda’s approach to crypto regulation has led many to believe he may push for a fair resolution.
The agenda of the meeting includes the institution and settlement of injunctive actions and administrative proceedings. It also covers the resolution of litigation claims and other enforcement-related matters. Given the SEC’s past actions, many in the crypto industry are watching closely for any announcements.
The SEC has recently removed all references to Ripple from the litigation releases section on its website. This sudden change has fueled speculation that the case could be concluding. While there is no official confirmation, the timing of this update has caught the attention of investors and analysts.
Some believe this move signals an upcoming settlement, while others see it as routine website maintenance. The absence of any official statement leaves room for speculation, adding to the uncertainty. Despite the lack of clarity, many XRP holders remain optimistic about a positive outcome.
Ripple CEO Calls for Unity in Crypto Industry
Ripple CEO Brad Garlinghouse has emphasized the need for collaboration in the crypto space amid the ongoing lawsuit. He has spoken against crypto maximalism, advocating for a more inclusive industry. His views align with the broader call for regulatory clarity in the digital asset market.
Garlinghouse holds multiple cryptocurrencies, including XRP, Bitcoin, and Ethereum, showing his belief in a diverse market. He argues that regulatory clarity is crucial for innovation and mainstream adoption. His comments reflect a broader push within the industry for fair regulations that support growth rather than stifle it.
With speculation running high, all eyes are on the SEC and potential updates from today’s meeting. The outcome could have significant implications for Ripple, XRP, and the broader cryptocurrency market. Until an official announcement is made, the XRP community will continue to watch closely for any progress.
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