XRP News Today: Will the SEC Finally Resolve the Ripple Legal Battle?
The XRP community is on edge as the SEC holds a closed-door meeting today that could finally resolve the long-standing legal battle with Ripple. Will this be the end of the saga? Here’s what you need to know.
XRP News: SEC Meeting Could Bring Legal Clarity
The U.S. Securities and Exchange Commission (SEC) is scheduled to discuss “resolution of litigation claims” in a closed-door meeting today at 2:00 PM ET. This has sparked hope among XRP holders that the SEC may drop its remaining appeal against Ripple.
Ripple Legal Resolution: A Timeline of Key Events
- December 2020: SEC sues Ripple, alleging XRP is an unregistered security.
- July 2023: Judge Torres rules that XRP sales on exchanges are not securities.
- June 2025: Ripple drops its cross-appeal, signaling readiness to settle.
- July 31, 2025: SEC meeting could finalize the case.
XRP Price: What’s at Stake?
As of now, XRP is trading at $3.10, with $3.23 as a key resistance level. A favorable SEC decision could propel XRP to new highs, while delays may cause short-term volatility.
XRP Community Reactions
Crypto influencers like JackTheRippler are closely monitoring the meeting. The XRP Army remains optimistic, hoping for a resolution that could pave the way for institutional adoption and XRP-based ETPs.
What’s Next for Ripple and the SEC?
If the SEC votes to withdraw its appeal, the formal filing could happen within days, closing the case. If not, the next deadline is August 15 for an update on the appeal’s status.
Conclusion
Today’s SEC meeting could mark a historic moment for XRP and the broader crypto market. Legal clarity may finally unlock XRP’s full potential, but the community must stay patient as the process unfolds.
Frequently Asked Questions (FAQs)
What is the SEC meeting about today?
The SEC is discussing “resolution of litigation claims,” which could include dropping its appeal against Ripple.
How will the SEC decision affect XRP price?
A favorable decision could push XRP past its $3.23 resistance, while delays may cause short-term dips.
What was Judge Torres’ ruling in 2023?
She ruled that XRP sales on exchanges were not securities, but institutional sales were.
When will we know the SEC’s decision?
If the SEC votes today, the filing could happen within days. Otherwise, updates may come by August 15.
What does Ripple’s dropped appeal mean?
Ripple signaled it’s ready to settle, putting pressure on the SEC to do the same.
Could this case impact other cryptocurrencies?
Yes, a clear ruling could set a precedent for how the SEC regulates other tokens.
