XRP Enthusiasts Await SEC’s Closed-Door Meeting
If you’re a follower of XRP, you’re probably keeping a close eye on the upcoming closed-door meeting by the U.S. Securities and Exchange Commission (SEC). The buzz around this meeting is centered on the potential for a settlement in the ongoing legal battle between the SEC and Ripple.
SEC’s Closed-Door Meeting
The SEC has a closed-door meeting scheduled for November 30, 2023, at 2:15 PM. This meeting can be attended remotely or at the commission’s headquarters in Washington, D.C. It is expected that top SEC commissioners, counsels, secretaries, and essential staff will be participating in the meeting. The primary focus of the meeting will be discussions around settling injunctive actions and administrative proceedings.
The XRP community is hopeful that this meeting might lead to a settlement with Ripple, bringing an end to the long legal battle. Prominent figures in the XRP community, like Amelie, have expressed the same hopes.
Potential Settlement Talks
The legal battle between the SEC and Ripple has been ongoing, but there have been significant developments, such as the court ruling that XRP and most Ripple transactions do not qualify as securities. However, the court did consider Ripple’s past sales to institutional clients as investment contracts.
There is a chance the SEC might challenge the court’s decision on Ripple’s other sales. However, with the SEC’s closed-door meeting discussing settlements, there is a likelihood of the regulator exploring resolutions in its ongoing litigations with Ripple.
Hot Take: Anticipation for a Ripple-SEC Settlement Grows
As the SEC’s closed-door meeting draws near, it’s clear that the XRP community is hopeful for a potential settlement with Ripple. The meeting could pave the way for an end to the longstanding legal battle, bringing about resolution and clarity for the XRP market. It’s important to stay tuned to any developments following this meeting as they could have significant implications for the cryptocurrency space.
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