Breaking: SEC Cancels Ripple Meeting, Settlement Talks Stalled
- The SEC has canceled its closed-door meeting originally scheduled for today.
- XRP community expected the meeting to lead to a settlement in the Ripple case.
- However, the SEC has held around 150 similar closed-door meetings with no settlement indications so far.
In a surprise move, the U.S. SEC has canceled its closed-door meeting originally scheduled for today, July 18, which was anticipated to potentially discuss the ongoing Ripple lawsuit. The agency updated this cancellation notice via its website on Wednesday, July 17.
This meeting was highly anticipated by the XRP community, as they expected it could potentially lead to a settlement between the SEC and Ripple, bringing an end to the multi-year legal battle.
Top SEC commissioners and officials were initially set to attend the closed-door meeting, which has now been canceled.
According to the SEC’s Sunshine Act notice, the meeting was set to focus on four key agendas, including the settlement of administrative proceedings and injunctive actions and resolving litigation claims. The inclusion of settlement on the agenda had sparked rumors that the SEC might finally agree to a deal with Ripple, lead…
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