Ripple Lawsuit News: SEC Might Resolve Appeal Before April 16, Closed-door Meeting Today
The post Ripple Lawsuit News: SEC Might Resolve Appeal Before April 16, Closed-door Meeting Today appeared first on Coinpedia Fintech News
The Ripple lawsuit has kept everyone on edge, but with the SEC recently dropping cases against big players like Coinbase, Robinhood, and Uniswap, all eyes are now on Ripple. Excitement is building as the SEC prepares for a closed-door Sunshine Act meeting on February 27, 2025, where allegedly XRP ETF is directly mentioned—fueling speculation that the end of this long legal battle might finally be in sight. Could we be approaching a game-changing moment for XRP holders?
However, former SEC lawyer Marc Fagel clarified and wrote on X, “Reminder: These are two wholly unrelated things. ETFs are not discussed at the weekly closed meeting. And, as always, the calendar for the closed meeting is confidential and there’s no more reason to think Ripple is on the agenda than at the last 200 meetings.”
About the Ripple lawsuit, Fagel said that the SEC may eventually drop the Ripple appeal, even though the court ruled they broke the law. This situation is unusual, and past cases can’t be relied on. He explained that the SEC likely wants to resolve the appeal before Ripple’s brief is due in mid-April. For the unversed, Ripple must file its appeal-related reply brief by April 16.
The legal battle, which started in December 2020 with the SEC accusing Ripple of selling XRP as an unregistered security, caused XRP’s price to plummet nearly 80%. However, recent developments in 2023 indicated some progress, as a court ruling declared XRP not to be a security, though the SEC appealed the decision.
Positive news like this could send XRP’s price soaring, as it has in the past after favorable legal outcomes. In November 2023, when Gary Gensler stepped down from his position at the SEC, XRP surged by 25%, and it has continued to climb despite market fluctuations. Given the bullish sentiment surrounding XRP’s legal prospects, many are anticipating a significant price surge if the lawsuit concludes in Ripple’s favor.
