Altcoins News
By Evie Vavasseur
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The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has entered a new phase of speculation, following a closed-door meeting held by…
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The Ripple lawsuit dates back to December 2020 when the SEC accused the company of illegally selling XRP as an unregistered security.
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On February 27, the SEC held a meeting where legal matters and potential settlements were discussed.
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Political pressure on the SEC is also mounting. Senator Cynthia Lummis, a staunch advocate for crypto regulation, has openly criticized the SEC’s approach to digital assets.
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The legal landscape surrounding Ripple is expected to evolve quickly. April 16, 2025, marks a crucial deadline when Ripple must respond to the SEC’s appeal.
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For XRP, the outcome of this case is particularly important. As of now, XRP is trading at $2.03, reflecting an 8.19% decline in recent days.
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In conclusion, while the SEC’s decision to continue or drop the lawsuit remains uncertain, the closed-door meeting and growing political pressure suggest that the agency may be…
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