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07/19 17:26
Ripple vs. SEC: Appeal Still Pending as Market Awa
Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote
The Ripple vs. SEC case is still not fully resolved. Although Ripple announced on June 27 that it would drop its cross-appeal, the SEC has yet to officially withdraw its own appeal, keeping the case open and investors waiting.
SEC Meeting Sparks Speculation, but No Action
Many in the crypto community expected the SEC to vote on dropping its appeal during the recent closed-door meeting. They were curious as to why there was no press release from the SEC after its July 17 closed-door meeting, especially with “litigation” on the agenda.
There was no announcement made, and on Friday, XRP dropped from $3.66 to under $3.50. Legal expert Mark Fagel explained that this was just a routine meeting. The SEC holds these closed meetings every Thursday, and the agendas don’t reveal what’s actually being discussed. So, no one outside the SEC knows if Ripple was even on the table.
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