The long-term legal battle between Ripple and the US Securities and Exchange Commission (SEC) can finally approach its conclusion, but is it really completed this Thursday? Let’s break down the facts behind the speculation and what actually happens.
The viral tweet – outdated and misleading
A tweet from Eleanor Terrett has made the rounds again, which suggests that the SEC would probably tackle the Ripple case during a meeting with a closed door planned for a Thursday. What many people may not realize is that tweet is from March. The date is not new and at that time it was relevant for the internal planning of the sec.
What actually happens with the Ripple vs SEC case?
To summarize, Ripple and the SEC achieved a partial resolution some time ago, in which Ripple agreed with a civil fine for earlier institutional sale of XRP, while the court ruled that XRP is not safety on secondary markets. However, the last paperwork, formal withdrawal and an official sec declaration remain pending.
Stuart Alderoty, Chief Legal Officer of Ripple, recently repeated that the case is effectively over, pending definitive formalities. But there is still no official registration of the SEC committee.
Why this is important for XRP and Crypto -branches
Many analysts are of the opinion that as soon as the last paperwork drops and the legal clarity has been fully determined for Ripple, the new institutional adoptive opportunities can offer and the price rally of XRP can possibly feed. Some even speculate that XRP ETFs can be on the horizon.
But until the SEC officially publishes the dismissal, it is premature to explain the victory.
Judgment: False alarm for now
The claim that Ripple vs SEC will end this Thursday is based on an old tweet and continuous speculation. From now on there is no confirmed date for the final announcement of the dismissal.
Credit : coinpedia.org
