The lawsuit between Ripple and the SEC is nearing its conclusion, with a confidential meeting held today that could potentially wrap up the case. Here's what you need to know:
- Current Status: Ripple has complied by settling with a $125 million fine and has dropped its cross-appeal. The $SEC's next move will be crucial in determining the final outcome.
- Possible Outcomes:
- SEC Withdraws Its Appeal: If the SEC decides to withdraw its appeal, the case may be resolved soon, leading to a closing of the legal proceedings.
- No Immediate Decision: Despite ongoing speculation, the SEC may choose not to make an announcement today, and the case could remain open until the August 15 deadline for the status report.
- Market Impact: Uncertainty surrounding the case has influenced $XRP price, which is currently at $2.95, reflecting a 6.04% decrease in the past 24 hours.
- Next Steps: Ripple is expected to file its final motion for dismissal before the August 15 deadline, which could provide further clarity on the case's status.
- Community Sentiment: The $XRP XRP community remains highly optimistic, eagerly awaiting a resolution and speculating about the case's conclusion.
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