SEC Vs Ripple: The Meeting Of Feb 13th Might Stop The Lawsuit Altogether

Friday could prove important for Ripple and SEC as a closed-door meeting will be held. The meeting could be pivotal as it will decide the fate of the SEC lawsuit on Ripple. This will mark the third consecutive weekly closed session between SEC and Ripple under the all-new Sunshine Act. Therefore, the energy around the meeting is palpable. Therefore, the XRP community is simply waiting with bated breath as it could solve the lawsuit. 

The meeting, supposed to be held on February 13th, 2025, is a milestone for Ripple and XRP. If everything goes well, the SEC can finally pull the plug on the Ripple lawsuit. Sources suggest that the meeting can decide the fate of the XRP token. If the commission decides to follow through with its initial plan to persecute Ripple, there can be a major price drop. If things go the other way, there can be a major price hike.   

What Could The Meeting Mean? 

With the newer and radical outlook of the SEC towards crypto, chances are that the meeting will conclude with a favorable outcome. The US government has clearly stated that it will be a more crypto-friendly administration and has made considerable headway into the landscape of ETFs.  

Therefore, the meeting might end positively, and Ripple will be free of the SEC lawsuit. If achieved, a favorable outcome will be historic for XRP,  Ripple, and the whole industry. This will be the US government’s first real step towards de-alienating crypto.This will also pave the way for a Ripple IPO, which can create a more favorable outcome for people holding the token. Sources suggest that the meeting will discuss some key points and agendas. Here is a brief rundown of them: 

• Settlement and institution of administrative proceedings 

• Settlement and institution of injunctive actions 

• Litigation claim resolution 

• Ancillary matters on enforcement proceedings. 

Hence, the proceeding can change the dynamic of the crypto landscape and pave the way for broader and regulated adoption across the country. Follow for more crypto news.