SEC’s April 3 Closed-Door Meeting Sparks Ripple (XRP) Speculation

The U.S. Securities and Exchange Commission (SEC) is set to hold a closed-door meeting on April 3, 2025, a development that has drawn significant attention from the cryptocurrency community, especially Ripple (XRP) investors. 

Given the legal battle between the SEC and Ripple Labs, many believe this meeting could bring important updates, possibly even an official end statement to the case from the SEC. With potential implications for XRP and the broader crypto industry, all eyes are on what the SEC might decide behind closed doors.

The Ripple vs. SEC Lawsuit: A Legal Battle Since 2020

The lawsuit between Ripple Labs and the SEC dates back to December 2020, when the regulatory agency accused Ripple of conducting unregistered securities sales through its XRP token. The SEC argued that XRP should be classified as a security, which would require Ripple to comply with strict financial regulations.

Ripple, on the other hand, maintained that XRP is a digital currency, not a security, and should not be subject to the SEC’s oversight. The case has been one of the most closely watched legal battles in the crypto world, as its outcome could pave the way for how cryptocurrencies are regulated in the U.S.

A key turning point came in July 2023, when U.S. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP did not constitute securities offerings. However, the SEC moved to appeal the case, which Ripple recently revealed that the agency has agreed to drop the appeal.

As the April 3 meeting draws near, speculation is growing regarding the possibility of the SEC officially releasing a statement confirming the end of the heated court battle.  

XRP Price Swings Amid Legal Uncertainty

The uncertainty surrounding the SEC’s official statement has led to notable volatility in XRP’s price. Following the latest developments, XRP saw a sharp decline, dropping 19% to $2.1088 before recovering slightly by 2.36% on April 1. Despite this rebound, XRP has underperformed compared to the broader crypto market, which posted a 2.81% gain during the same period.

What’s Next for XRP and the Crypto Industry?

The outcome of the SEC’s closed-door meeting could have far-reaching consequences. A statement from the SEC could pave the way for increased institutional adoption of XRP, while a prolonged silence may continue to cast uncertainty over the token’s future.

As the crypto community eagerly awaits news from the April 3 meeting, investors and industry players alike remain on edge, ready to react to any major regulatory shifts.