Fact Check: Will Ripple Vs SEC End on Thursday?
The post Fact Check: Will Ripple Vs SEC End on Thursday? appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might finally be nearing its conclusion but is it really wrapping up this Thursday? Lets break down the facts behind the speculation and whats actually happening.
The Viral Tweet Outdated and Misleading
A tweet from Eleanor Terrett has been making the rounds again, suggesting that the SEC would likely address the Ripple case dismissal at a closed-door meeting scheduled for a Thursday. However, what many people may not realize is that tweet is from March. The date isnt new, and it was relevant to the SECs internal scheduling at that time.
Whats Actually Happening with the Ripple vs SEC Case?
To recap, Ripple and the SEC reached a partial resolution some time ago, with Ripple agreeing to a civil penalty for earlier institutional sales of XRP, while the court ruled that XRP is not a security on secondary markets. However, the final paperwork, formal withdrawal, and an official SEC statement remain pending.
Stuart Alderoty, Ripples Chief Legal Officer, recently reiterated that the case is effectively over, pending final formalities. But theres still no official sign-off from the SEC Commission.
Why This Matters for XRP and Crypto Markets
Many analysts believe that once the final paperwork drops and legal clarity is fully established for Ripple, it could bring new institutional adoption opportunities and potentially fuel XRPs price rally. Some even speculate that XRP ETFs could be on the horizon.
But until the SEC officially publishes the dismissal, its premature to declare victory.
Verdict: False Alarm for Now
The claim that Ripple vs SEC will end this Thursday is based on an old tweet and ongoing speculation. As of now, theres no confirmed date for the final case dismissal announcement.
Read more: https://coinpedia.org/news/fact-check-will-ripple-vs-sec-end-on-thursday/
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