A scheduled closed meeting by the U.S. Securities and Exchange Commission (SEC) has attracted significant attention within the digital asset community. The meeting, set for 2:00 PM Eastern Time today, was officially listed on the SEC’s website and includes a reference to the Sunshine Act Notice, which governs the legal framework for federal agency meetings. Though the details of the agenda remain undisclosed due to the closed nature of the meeting, speculation about its contents has intensified following comments from crypto analyst and investor Xaif. In a post shared on X, Xaif referenced the SEC’s meeting and suggested that it may coincide with a significant development in the longstanding legal case between the SEC and Ripple Labs. Xaif stated, “There were rumors the SEC would officially drop the appeal today (July 3, 2025, 2:00 PM ET) and finally end the case. 9 hours left… will be over soon ???” There were rumors the SEC would officially drop the appeal today (July 3, 2025, 2:00 PM ET) and finally end the case. 9 hours left… will be over soon ??? pic.twitter.com/QJfSuyQLpw — 𝕏aif | (@Xaif_Crypto) July 3, 2025 The analyst’s statement referred to ongoing legal proceedings, particularly the appeal filed by the SEC following the district court’s decision that XRP was not a security in secondary market transactions. Ripple Labs had previously dropped its appeal and accepted the associated fine, a move that some saw as a gesture toward finalizing the legal dispute. Xaif’s remark points to the possibility that the SEC may now reciprocate by discontinuing its appeal. Community Reactions Reflect Divided Sentiment Other users on X provided varied perspectives in response to the possibility raised by Xaif. An X user, AizenGetsu, wrote , “This makes sense to do so. Ripple and SEC agreed to work together and eliminate the Judge’s decision completely but, it didn’t pan out. Ripple then decides to drop its appeal and [is] willing to pay its fine. SEC should have no resistance with this case anymore. Fingers crossed today!” This comment highlighted an earlier point of negotiation that reportedly sought to nullify Judge Analisa Torres’ ruling entirely. According to the user, those discussions did not lead to a resolution. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The current expectation, as articulated, is that since Ripple complied by paying the imposed penalty and ceased contesting the case, the SEC could now close the matter definitively by withdrawing its appeal. A different view was presented by user BLKSHP, who urged caution by stating , “Let’s not hope for it.. always when we expect it to happen it won’t.” Their comment emphasized the unpredictability of the legal process and past delays that have led to unfulfilled expectations. Closed Meeting and Regulatory Implications The meeting scheduled for July 3, 2025, is categorized as a closed session under the Sunshine Act, meaning the public will not have access to the discussion or conclusions. However, such meetings often involve deliberations on litigation, enforcement actions, and other confidential matters. The timing of the meeting and the current posture of the Ripple case have led some analysts, such as Xaif, to theorize that a final resolution may be near. As of the time of Xaif’s post, approximately nine hours remained before the scheduled meeting, leading many in the crypto industry to await updates with anticipation. While no official confirmation has been provided by the SEC or Ripple regarding the agenda, observers remain attentive to any regulatory announcements following the closed session. Should the SEC choose to drop its appeal, it would bring an end to one of the most closely watched legal battles in the cryptocurrency sector, with implications for regulatory clarity and precedent surrounding the classification of digital assets in the United States. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Rumor Swirls That SEC Will Drop Appeal In Ripple (XRP) Case Today appeared first on Times Tabloid .
