The long-term legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may finally be approaching its conclusion, but is it really summarised on Thursday? Let’s break down the facts behind the speculation and what’s actually happening.
Virus Tweets – outdated and misleading
A tweet from Eleanor Terrett is back in the round, suggesting that the SEC is likely to address the firing of the Ripple incident at the scheduled closure meeting on Thursday. But what many may not notice is that the tweet will start in March. The dates were not new and were related to internal SEC scheduling at the time.
What’s really happening in the Ripple vs SEC case?
In summary, Ripple and the SEC reached a partial resolution some time ago, and Ripple agreed to a civil penalty for previous institutional sales of XRP, but the court ruled that XRP is not secondary market security. However, the final documents, formal withdrawals, and official SEC statements remain pending.
Ripple’s Chief Justice Officer Stuart Aldeoty recently repeatedly said the case had effectively concluded and the final process was pending. However, there is no official sign-off from the SEC committee yet.
Why this is important for the XRP and crypto markets
Many analysts believe that when final documents drop and legal clarity is fully established due to the ripples, it could provide opportunities for adoption of new institutions and drive price increases for XRP. Some speculate that the XRP ETF may be on the horizon.
However, it is too early to declare victory until the SEC officially reveals the firing.
Verdict: Is it wrong so far
The claim that Ripple vs SEC will end this Thursday is based on old tweets and ongoing speculations. To date, no date has been confirmed for the announcement of the final case termination.
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