Ripple vs. SEC Could the July 3 Meeting Mark a Turning Point?

Ripple vs. SEC Could the July 3 Meeting Mark a Turning Point?

The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be entering a new chapter. The crypto community is closely watching a closed-door SEC meeting scheduled for July 3, which some believe could be a pivotal moment in the ongoing XRP litigation.

Is the SEC Meeting Just Routine or a Game-Changer?

According to Crypto Times, speculation is growing within the XRP community. One anonymous user going by “RippleRadar” posted: “Could July 3 be the final chapter of the Ripple legal drama?”—raising hopes that the SEC might move to settle or conclude the case.

However, former SEC attorney Marc Fagel dismissed the speculation, clarifying that such closed meetings are held every Thursday and that there’s no known indication of any XRP-related decision on the agenda. “It’s just another regular meeting,” he stated, emphasizing that any assumption of resolution is mere conjecture.

Ripple Officially Withdraws Appeals

Meanwhile, Ripple has made a decisive move to de-escalate the legal battle. CEO Brad Garlinghouse announced via X (formerly Twitter) that Ripple would withdraw all mutual appeals related to XRP’s security status. He emphasized that the company is ready to “turn the page” and focus on building the “Internet of Value.”

This announcement came shortly after U.S. District Judge Analisa Torres issued a key ruling on June 26, denying the SEC’s request to modify penalties and impose new compliance orders.

While some in the XRP community hope for positive news out of the July 3 SEC meeting, there is no concrete evidence yet to support a resolution. Still, Ripple’s decision to drop its appeals could represent a meaningful step toward settlement, and possibly mark a shift in the SEC’s broader enforcement strategy in crypto markets.