- Today, the SEC will meet with Ripple in a closed-door session that could lead to a resolution of the case.
- The SEC could withdraw its appeal, triggering institutional adoption. This would pave the road for a Ripple IPO and open up opportunities on the crypto market.
The XRP market is tense as the U.S. Securities and Exchange Commission, or SEC, prepares for a closed-door meeting scheduled on Tuesday February 13th 2025. The third weekly session in a row under the Sunshine Act, With speculation rife over the possible outcome of the Ripple litigation,
Ripple, the lawsuit that has shaped crypto regulation since December 20 2020, started when SEC accused Ripple to selling XRP unregistered as a securities and filed a case. A court ruled in July 2023 that XRP sold to institutional investors was a security, but not sales made on exchanges. The SEC, however, appealed this decision and challenged the ruling. Ripple later requested an April 16th, 2025 deadline to provide its official response.
Agenda Highlights
SEC meeting to address a variety of issues. Many of them are related directly to Ripple. These include the settlement and institution of administrative proceedings and claims for injunctive action, along with other topics related to enforcement and examinations. This meeting is particularly important for Ripple or XRP investors, because it will focus on litigation settlements and injunctive action.
Positive results could lead to a rally in XRP, pushing it towards a record high. On the flip side, if SEC continues with their enforcement action, XRP’s price may drop dramatically. The U.S. Government has signaled a move towards a crypto-friendly policy, so there is still optimism that this case will be resolved positively.
Settlements could have a major impact on Ripple, and even XRP. This could lead to a much-anticipated Ripple initial public offering (IPO), which was delayed by regulatory uncertainty. Financial institutions, such as WisdomTree, Bitwise, 21Shares and Canary Capital filed applications for XRP Exchange Traded Funds. This shows a growing interest from institutions. This could result in a tax-friendly environment for XRP owners and investors as well as the approval of XRP Exchange Traded Funds.
Meanwhile, legal developments continue beyond Ripple. Binance and the SEC recently A motion was filed in the U.S. District Court for the District of Columbia requesting a stay of 60 days. If this motion is granted, it would temporarily stop the legal proceeding initiated by Gary Gensler two years prior against Binance.
As the SEC changes its leadership under the Trump Administration, this shift in strategy is also a result. Paul Atkins, who replaces Gary Gensler as SEC chairman, has been appointed by Donald Trump, the US president. Legal experts think the SEC will delay taking further action against Ripple pending Atkins’ final confirmation.
The last 24 hour XRP price has risen by 3.52%. Reaching $2.44Over the past seven days, XRP has increased by 28.31%. Over the last seven days, XRP’s price has increased by 1.00%The global crypto market has only seen a modest gain of 0.40%.
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Source: www.crypto-news-flash.com
