SEC Set to Vote on Ripple Case Ending March 27
2min read The U.S. Securities and Exchange Commission (SEC) is set to hold a crucial vote on March 27, 2025, to finalize its decision to end the appeal against Ripple. This development follows the SEC's agreement to dismiss its appeal, marking a pivotal moment in the ongoing legal battle between the regulator and the cryptocurrency company. The vote is expected to be conducted during a closed meeting scheduled for 2:00 p.m. ET, as indicated by a Sunshine Act notice. While the official agenda for the meeting has not been disclosed, the timing suggests that discussions related to the Ripple case could be on the table.
The legal battle between the SEC and Ripple has been ongoing since December 2020, when the SEC accused Ripple of conducting an unregistered securities offering through its XRP token sales. The case has seen multiple notable rulings, including Judge Analisa Torres’s 2023 decision that XRP was not a security in secondary sales and the August 2024 ruling that imposed a $125 million penalty on the company. The SEC's subsequent appeal attempts have not changed any of these rulings, and the regulator's decision to drop the appeal follows recent dismissals of other crypto-related lawsuits and investigations. This dismissal would mark a major victory for Ripple and the broader cryptocurrency industry, and the results could set a notable precedent for digital asset regulation.
The outcome of the SEC's vote could have significant implications for both Ripple and its native cryptocurrency, XRP. If the lawsuit is closed, it could pave the way for increased institutional investment and market confidence in XRP. This, in turn, could lead to a more stable and bullish trend for the cryptocurrency. However, if the lawsuit continues, it could result in further price volatility and uncertainty for XRP. The stability of XRP, coupled with increased institutional investment, has fueled optimism that the cryptocurrency is poised for higher returns in the coming months. However, the market remains uncertain, and the outcome of the SEC's vote will play a crucial role in determining the future of XRP. Investors are advised to prioritize the long-term utility of the XRP Ledger (XRPL) rather than short-term speculation, as the resolution of the lawsuit could have far-reaching implications for the cryptocurrency market.
Ask Aime: What is the expected outcome of the SEC's vote on Ripple's appeal, and how will it impact the cryptocurrency market, particularly XRP?
Analysts have expressed varying opinions on the potential impact of the SEC's decision. Some predict that a favorable outcome could lead to a significant increase in the price of XRP, while others suggest that the cryptocurrency could face a potential decline if the lawsuit is not resolved. It is important to note that these predictions are based on market analysis and should not be taken as definitive outcomes. The confirmation hearing of Paul Atkins, the man nominated to bring the SEC into a new era of proper regulatory practices, is also scheduled for the same day, adding to the significance of the March 27 meeting. The timing of this meeting, combined with the recent lawsuit dismissals, raises expectations that the Ripple lawsuit’s resolution could be confirmed soon.
