🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
SEC's Closed-Door Meeting on July 10 Sparks Hope for Ripple Lawsuit Resolution
The crypto world is keenly awaiting the outcome of a crucial closed-door meeting by the U.S. Securities and Exchange Commission (SEC) scheduled for July 10, 2025. This private session, held under the Sunshine Act, has ignited speculation that it could mark a significant turning point in the protracted legal battle between the regulatory body and Ripple Labs, the creator of the XRP cryptocurrency. The agenda includes discussions on settlements and ongoing litigation matters, fueling hopes for a long-awaited resolution.
Awaiting the SEC's Next Move
The meeting's significance is amplified by recent developments in the four-year-long lawsuit. Ripple has already signaled its readiness for a conclusion by withdrawing its cross-appeal earlier this year. This move places increased pressure on the SEC to reciprocate by withdrawing its own appeal of Judge Analisa Torres's ruling, which notably distinguished between institutional and programmatic sales of XRP. While a prior closed session on July 3 yielded no immediate announcements, the July 10 meeting's specific agenda items, focusing on resolution and enforcement, suggest a more direct engagement with the Ripple case.
Should the SEC vote to withdraw its appeal, it would align with previous actions, such as their vote to lift the ban on institutional XRP sales and a reduction in the civil penalty imposed on Ripple to $50 million as part of a May 2025 settlement. However, despite these prior concessions, a formal vote to fully withdraw the appeal is still required. Speculation points to Commissioner Caroline Crenshaw as the likely sole dissenting vote, given the perceived favorability of the settlement terms to Ripple.
Potential Impact on XRP and Regulatory Clarity
A definitive resolution to the Ripple lawsuit, particularly an SEC appeal withdrawal, could have profound implications for XRP and the broader cryptocurrency market. It would not only provide much-needed regulatory clarity for XRP's status but also potentially pave the way for the emergence of XRP spot Exchange Traded Funds (ETFs) in the United States. While legal experts caution that these meetings are routine and any formal resolution would still entail subsequent paperwork and a multi-week process, the market remains on high alert, hoping this July 10 meeting finally signals the winding down of one of crypto's most impactful legal sagas.