The U.S. Securities and Exchange Commission (SEC) has scheduled a closed-door Sunshine Act Meeting for February 27, 2025. According to publicly available documents, the meeting will be held remotely and at the SEC’s headquarters in Washington, D.C. As this meeting is not open to the public, speculation has emerged regarding the potential discussion of digital assets, particularly XRP. Crypto analyst AllinCrypto recently highlighted this development, noting that XRP is directly referenced in related documents for the meeting. The SEC will hold another Sunshine Act meeting on February 27. This time, $XRP is directly mentioned in related documents for discussion at the meeting. [SOURCE: https://t.co/jdFXVT3sre ] pic.twitter.com/OkdjLTlsJk — ALLINCRYPTO (@RealAllinCrypto) February 24, 2025 Specifically, the agenda includes discussions on the institution and settlement of injunctive actions, the institution and settlement of administrative proceedings, and other matters relating to enforcement proceedings. While the SEC has not explicitly stated whether XRP will be a central topic of discussion, a separate filing related to a proposed XRP exchange-traded fund (ETF) further fuels speculation. Bitwise XRP ETF Proposal and SEC Considerations A filing submitted by Cboe BZX Exchange, Inc. on February 6, 2025, proposes the listing and trading of the Bitwise XRP ETF . The proposal falls under BZX Rule 14.11(e)(4), which governs the listing and trading of Commodity-Based Trust Shares. The sponsor of the trust, Bitwise Investment Advisers, LLC, has filed a registration statement with the SEC to make the ETF available to investors. The filing states that the trust does not function as an investment company under the Investment Company Act 1940 and is not classified as a commodity pool under the Commodity Exchange Act (CEA). Additionally, the sponsor is not subject to regulation as a commodity pool operator or commodity trading adviser. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Since 2017, the SEC has assessed and ruled on various exchange filings related to spot-based Commodity-Based Trust Shares, often evaluating whether the listing exchange has a comprehensive surveillance sharing agreement with a regulated market of significant size. The same criteria will likely apply to the Bitwise XRP ETF proposal. Implications of the SEC Meeting and XRP’s Regulatory Status The timing of the SEC’s Sunshine Act Meeting and the XRP ETF filing has drawn attention, as the regulatory agency continues to navigate enforcement actions and policy decisions regarding digital assets. The closed nature of the meeting suggests that sensitive legal and regulatory matters will be addressed, which could have implications for the broader cryptocurrency market. For XRP, the SEC’s stance remains a focal point following its ongoing legal battle with Ripple Labs. While the proposed ETF is separate from Ripple’s activities, any discussion or decision regarding XRP-related financial products could signal the agency’s evolving position on the asset’s classification and market participation. Market participants and analysts will closely watch for post-meeting developments or additional regulatory filings that may provide insight into the SEC’s considerations. 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 urged to do in-depth 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 XRP Is Directly Mentioned In SEC Sunshine Act Meeting Holding Tomorrow appeared first on Times Tabloid .
