SEC Schedules Closed Meeting Amid Ripple Lawsuit Speculation

The cryptocurrency community is abuzz with speculation surrounding the upcoming closed-door meeting of the SEC on January 23, which will be the first under new acting Chairman Mark Uyeda. Many hope this meeting might signal a resolution in the protracted Ripple lawsuit, which has been ongoing since December 2020. However, former SEC attorney Marc Fagel has tempered expectations, indicating that the closed meeting will likely not yield significant updates on the case and that any potential settlement discussions are premature. The meeting's agenda includes discussions on litigation claims and administrative proceedings, leading to further speculation about the SEC's approach to crypto regulation under its new leadership. Stakeholders in the XRP community are particularly hopeful that the SEC might drop the case, especially following a recent favorable court ruling for Ripple. Nevertheless, the overall sentiment remains cautious, with experts warning against over-optimism regarding immediate outcomes.