- The SEC may vote today on dropping its XRP appeal, signaling a nearing resolution in the Ripple lawsuit.
- Ripple CEO confirmed both parties have withdrawn appeals, paving the way for potential settlement.
- The April 9 House hearing could further define crypto regulations following a possible resolution of the XRP case.
The U.S. Securities and Exchange Commission (SEC) scheduled a closed-door meeting on April 3, 2025, which has caught the attention of the digital asset sector. Multiple confidential enforcement matters are scheduled for discussion at this upcoming meeting, where analysts believe the Ripple lawsuit could be among them.
The Ripple and XRP community shows increasing anticipation since the court case seems to be reaching its concluding phase. CEO Brad Garlinghouse of Ripple revealed that the SEC has withdrawn its appeal of the case. Ripple also dropped its cross-appeal, further suggesting that both parties may be moving towards a final agreement.
Experts Highlight Key SEC Decision on XRP
Legal and market analysts have suggested that the SEC may use today’s meeting to decide whether to continue pursuing its position that XRP is a security. A vote to drop the appeal could effectively end the ongoing legal battle. According to legal expert Fred Rispoli, a final decision from the SEC may lead to a formal settlement within the next two months.
The U.S. House crypto hearing has gained increasing attention as it is set to take place on April 9, 2025. Congress will discuss creating specific regulations that define how the digital asset industry should operate at the upcoming hearing. The current timing may force the SEC to resolve its ongoing legal proceedings particularly the Ripple case.
Implications for Crypto Industry and XRP
Today’s secret meeting could deliver decisive impacts that impact Ripple in addition to the whole cryptocurrency industry sphere. Future regulatory clarity about XRP will shape how authorities categorize other digital assets. Both investor groups and developers remain attentive for latest developments.
Although key legal steps have been taken, the case is not fully closed. Internal SEC procedures must be completed before an official conclusion can be announced. However, recent developments strongly suggest that a settlement is closer than ever.
