A company that is changing the way the world mines bitcoin

coinpedia 2025-02-28 09:36:31

XRP News Today: Closed-Door Meeting Fuels Speculation Over Ripple Lawsuit Dismissal

The post XRP News Today: Closed-Door Meeting Fuels Speculation Over Ripple Lawsuit Dismissal appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit . With the SEC recently dropping cases against major crypto firms like Coinbase, Uniswap, and Robinhood, many wonder if Ripple could be next. Could the SEC End the Ripple Case? The SEC sued Ripple in December 2020, saying the company sold XRP as an unregistered security. However, Judge Analisa Torres ruled in 2023 that XRP itself is not a security, weakening the SEC’s case. Now, with increasing pressure on the SEC, people believe the agency might be ready to move on. At the recent SEC meeting, officials discussed legal matters and settlements. While the details are secret, many think the Ripple case may have been included. Former SEC lawyer Marc Fagel does not believe this is a sign of progress, but pro-XRP lawyer Bill Morgan is confident that Ripple has the upper hand. Political Pressure May Shake the Market Senator Cynthia Lummis recently criticized the SEC’s approach to crypto regulation, stating that most digital assets are not securities under the Howey Test. Meanwhile, this aligns with Judge Torres’ ruling in the Ripple case, further strengthening Ripple’s position. No official decision has been announced yet, but the next key date is April 16 , when Ripple must submit its reply to the SEC’s appeal. If the SEC withdraws before then, it could mark the end of the long-running case, paving the way for a brighter future for XRP. What Next For XRP? As of now, XRP’s price is trading around $2.03 reflecting a drop of 8.19% with a market cap hitting $142 billion. However, many crypto experts believe that if the SEC drops the case, XRP could rise sharply. Some even predict a jump toward $3.20. MEanwhile here is also talk if Ripple lawsuits gets dismiss it will open the door for the approval of an XRP exchange-traded fund (ETF), which could push XRP’s price even higher.