news 
XRP News: Will Ripple vs SEC End This Thursday?
The cryptocurrency market is abuzz with the latest development surrounding the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to recent rumors, the SEC could potentially vote on dismissing its appeal as early as this Thursday, bringing a close to the long-standing lawsuit.
The XRP community has been fervently speculating about the possibility of an outcome in their favor. The recent surge past the $3 mark has only added fuel to the fire, with investors and enthusiasts alike holding their collective breath for any sign of resolution.
While some believe that this Thursday’s SEC meeting could be the final chapter in the Ripple vs SEC saga, legal experts have warned against jumping to conclusions. According to Marc Fagel, a former SEC lawyer, while it is possible that the commission may vote on dismissing its appeal soon, the contents of these closed meetings remain confidential.
“Anyone claiming to know what’s on the agenda is speculating,” he emphasized.
Despite this, Fagel does agree that a resolution is likely in the weeks ahead. However, both parties still have pending appeals, which would need to be resolved before any final ruling can take place.
“The SEC needs to vote to approve dismissing its appeal, after which both parties will file papers to dismiss their respective appeals and the district court’s order against Ripple will go into effect,” Fagel explained.
The market sentiment around XRP has only grown stronger in recent weeks. Over the past month, the token has experienced a staggering 60% gain, driven by an increased institutional interest and excitement over the legal battle.
Furthermore, there are growing whispers of a potential XRP ETF from asset management giant BlackRock, which could significantly amplify the token’s utility in global payments if it comes to fruition. As policymakers work to increase regulatory clarity and promote innovation, the stage seems set for XRP’s entry into a new phase – one backed by legal clarity, institutional attention, and robust price momentum.
As investors eagerly await Thursday’s SEC meeting, the anticipation is palpable. Will Ripple finally find closure, or will the drama continue? Only time will tell.
Source: coinpedia.org
