The XRP community has been eagerly awaiting any positive news regarding the ongoing Ripple lawsuit, but the U.S. Securities and Exchange Commission (SEC) has been preoccupied with other high-profile crypto cases.
Over the past month, the regulator has dismissed or paused proceedings against major crypto players, including Binance, Coinbase, Robinhood, Uniswap, Consensys, Kraken, and more recently, Cumberland DRW. Despite the lull in Ripple-related updates, this trend has fueled renewed optimism among XRP holders.
With hopes rising for a potential resolution, a new development today has added fuel to the fire — the SEC has scheduled a closed-door meeting that has piqued the interest of the XRP community.
SEC Schedules Crucial Meeting Amid Ripple Speculation
The SEC announced it will hold a private meeting on Thursday, March 6, 2025, at 2:00 PM ET. The closed-door nature of the gathering has sparked significant speculation, particularly among XRP supporters, who are wondering if this could mark the beginning of the end for the Ripple lawsuit.
According to the SEC’s Sunshine Act Notice, the meeting will cover several important topics, including the institution and settlement of injunctive actions, settlement of administrative proceedings, resolution of litigation claims, and enforcement proceedings.
The mention of “resolution of litigation claims” has caught the attention of many in the XRP community, raising the possibility that the Ripple case may be discussed.
XRP Community Reacts: Speculation Intensifies
Crypto watchers are buzzing with speculation. Key figures in the XRP community, such as crypto pundit Amonyx, took to X (formerly Twitter) to ask whether this closed-door meeting could signal the final resolution of the Ripple case.
“Do you think the $XRP issue will finally be resolved?” Amonyx tweeted, fueling excitement that the case might be nearing its conclusion.
Adding to the speculation, former SEC official John Reed Stark suggested that the Ripple lawsuit could be “next on the chopping block,” referencing the SEC’s broader strategy and potential actions against Ripple.
Further adding to the growing excitement, 36crypto reported that former White House official Anthony Scaramucci believes the SEC may have already quietly dismissed the Ripple lawsuit but has yet to make an official announcement. This theory is intensifying rumors of a potential surprise resolution soon.
A Key Meeting Ahead of Major Crypto Summit
The timing of the SEC’s closed-door meeting is also noteworthy. Scheduled just one day before the first-ever White House crypto summit on March 7, 2025, analysts speculate that the SEC may be gearing up to announce major regulatory decisions before this highly anticipated event.
Could the Ripple case be part of this broader regulatory shift? Only time will tell, but all eyes are on the SEC’s actions in the coming days.
However, it’s important to note that the SEC has not confirmed whether the Ripple lawsuit will be addressed during the meeting. The details of the closed-door session are expected to remain confidential, leaving the XRP community and crypto industry at large to closely monitor any potential developments.
The Road to Resolution?
As the March 6 meeting draws closer, the possibility of a Ripple resolution seems more tangible than ever. The outcome of this meeting — coupled with the looming crypto summit — could provide much-needed clarity on Ripple’s legal status and its future in the U.S. regulatory landscape. For now, the XRP community will remain on high alert, eagerly awaiting any news that could signal the final chapter in this protracted legal battle.
Stay tuned as we continue to track this developing story.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.