A secret meeting of the Securities Committee today (May 29) regarding currency $XRP
is considered crucial for settling the ongoing lawsuit between Ripple and the SEC. The outcome may determine whether the SEC will appeal the previous ruling or seek a settlement, especially after the court rejected its request to amend the ruling restricting the sale of $XRP to institutional investors.
-Court deadline:
June 15, 2025, when the SEC may be forced to appeal the case if a settlement is not reached.
-Impact on price:
$XRP dropped from **$2.65** to **$2.26** after recent developments in the lawsuit, reflecting the market's sensitivity to legal uncertainties.