Ripple News: XRP Lawsuit End Near? SEC’s Secret Meeting Fuels Speculation

The Securities and Exchange Commission’s (SEC) closed-door meeting on January 30 could shape the future of the Ripple lawsuit. Acting Chair Mark Uyeda and Commissioner Hester Peirce will attend, marking the fifth such meeting this year.

Investors are watching closely for a potential shift in leadership and crypto regulation.

SEC Meeting Raises Questions About Ripple Case

The Sunshine Act Notice outlines topics including litigation settlements and enforcement actions. While standard, the timing aligns with ongoing Ripple case developments. The SEC’s recent actions have sparked speculation about possibly withdrawing its appeal.

The SEC filed an appeal-related opening brief on January 15, just before Chair Gary Gensler stepped down. President Trump has nominated Paul Atkins, a crypto-friendly advocate, as the new SEC Chair.

Atkins and Uyeda share a market-driven approach, potentially altering the agency’s stance on crypto enforcement. John Reed Stark, a former SEC enforcement official, has noted Atkins’ opposition to strict crypto regulations.

Atkins prefers free markets and minimal government intervention, signaling a possible policy reversal. This shift could directly impact the SEC’s legal battle with Ripple.

XRP Price Trends: SEC Decision Looms Large

XRP price closed at $3.0677 on January 29, posting slight gains despite underperforming the broader crypto market. The market cap rose 1.88% to $3.43 trillion, highlighting a bullish sentiment. However, uncertainty surrounding the SEC’s actions keeps XRP traders on edge.

A withdrawal of the appeal could push XRP past its all-time high of $3.5505. Continued litigation, however, could send the price below $2.50.

Market reaction hinges on the SEC’s next move, making the January 30 meeting critical. The SEC recently removed the Ripple case from its Litigation Releases RSS Feed.

This action, combined with leadership changes, suggests a shift in approach. The crypto industry is awaiting official confirmation on whether the SEC will continue its legal battle or step back.

Potential Impact of New SEC Leadership

Acting Chair Uyeda has publicly criticized the SEC’s aggressive crypto enforcement strategy. He previously stated that enforcement actions based solely on registration failures must end.

His stance aligns with the new administration’s broader policy shift toward regulatory balance. If the SEC withdraws its appeal, it would mark a major win for Ripple and XRP holders.

It could also set a precedent for other crypto-related cases. The decision would reflect a regulatory pivot, fostering a more favorable environment for digital assets.

The outcome of the meeting could shape the future of crypto regulation in the United States. Traders and industry leaders are monitoring developments closely. With the SEC at a crossroads, the next steps will have lasting implications for the crypto market.

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