The U.S. Securities and Exchange Commission (SEC) has rescheduled a closed meeting from July 18 to July 25, raising speculation about its impact on the ongoing Ripple case. However, prominent XRP lawyer Bill Morgan has dismissed such speculation, clarifying that the meeting does not pertain to Ripple v SEC.
The SEC’s agenda includes topics like the settlement of administrative proceedings and litigation claims, which led some to hope for a resolution in the Ripple case. Despite these hopes, Morgan insists the meeting is unrelated to Ripple’s legal battle.
The Ripple case, ongoing since December 2020, centers on the SEC’s claim that XRP is a security, a stance contested by Ripple and much of the crypto community. While Ripple CEO Brad Garlinghouse expects a resolution soon, a former SEC lawyer noted that neither party is currently pursuing a settlement.
This case holds significant implications for the regulatory landscape of crypto assets. The community remains watchful as the case progresses, understanding its potential long-term impact on the digital asset market.
