The SEC Is Set to Meet This Week, and XRP Is Expected to Be a Main Talking Point

Nearly four years after then-SEC chair Jay Clayton filed a securities violations lawsuit against Ripple, the legal battle appears to be edging closer to a conclusion.

The closed-door meeting of the Securities and Exchange Commission (SEC) top brass, which was canceled last week, has now been rescheduled for Thursday, July 25.

The meeting was initially set to take place on July 17, but a last-minute notice on the SEC website revealed that it had been postponed by two weeks.

As we reported two weeks ago, the meeting will see the SEC brass discuss four main topics, including the XRP token, which has been the subject of a securities violations lawsuit filed by the agency against Ripple since 2018.

While the SEC hasn’t explicitly revealed that the meeting will involve extensive discussions of Ripple and XRP, this hasn’t stopped the community from speculating that this could be the meeting at which the regulator decides to finally settle with the California company.

“The canceled SEC meeting from yesterday, July 18, has been postponed to Thursday, July 25!” tweeted crypto influencer Amelie.

“Will this finally be the end of the #Ripple vs. SEC case?”

Anticipation builds as SEC meeting canceled, XRP up

Meanwhile, anticipation for the upcoming meeting has spread to the trading circles, with XRP gaining 2.6% in the past day to trade at $0.6194 at press time.

This made it the only cryptocurrency in the top 20 coins on the green in the past 24 hours, as Bitcoin, Dogecoin, AVAX, and more lost over 3% in the past day. Even a report that the SEC is no longer regarding Solana as a security couldn’t revive SOL, which lost 4.5% in that time.

As Ripple awaits its judgment against the SEC, the XRP community has much to be excited about. The upcoming meeting could produce the much-awaited news that the token is no longer the subject of a vengeful campaign by Gensler.

The even better news could come later this year, however. As we reported, Donald Trump recently announced that on his first day in office—if he outfoxes Kamala Harris—he will kick Gensler out of the SEC.

Experts say that Trump would also focus on resolving the ongoing litigations—including Ripple’s—as soon as he’s in office.

Michael Selig, partner at Willkie Farr & Gallagher LLP, one of the most respected law firms in the world, commented:

“A Trump administration would likely seek to reset and rethink the SEC’s crypto regulatory policy. Such a reset would naturally involve resolving ongoing enforcement actions and investigations brought by the prior administration.”

So, for crypto in general and XRP in particular, a victory for Trump is critical. The question remains: can he win?

Well, according to most polls, he’s leading Harris by a small margin, and it will come down to the undecided voters in the Nov. 5 election.