The crypto community is waiting anxiously for the decision in the Ripple vs SEC case. With no verdict in July, everyone is now looking to August 1 for answers. This decision could change the cryptocurrency industry in a big way.
Ripple is a fintech company based in San Francisco, known for its XRPL (XRP) cryptocurrency-powered cross-border payment services. Since December 2020, Ripple has faced significant legal challenges due to a lawsuit filed by the United States Securities and Exchange Commission (SEC) against its business operations involving XRP.
As per latest reports & leaks, Ripple and the SEC are getting ready for an important moment that could have a huge impact. The SEC has planned another private meeting, and many people think it will involve Ripple Labs. This has caused a lot of talk in the crypto community.
A leaked photo on X (formerly Twitter) suggests that this meeting will be about discussions between the SEC and Ripple. This has made people even more interested because previous meetings in July did not bring any big news. The meeting on July 18 was canceled, and the one on July 25 ended with no major updates.
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This new meeting is now listed on the SEC’s website and is getting special attention because of the rumored involvement of Ripple. The leaked photo, which supposedly shows the meeting’s agenda, mentions talks between the SEC and Ripple. However, this photo’s source is not verified, making the situation more uncertain.
Even though the photo is widely shared, its truthfulness is in question. The Bitcoinik team has asked both Ripple and the SEC for comments about the meeting’s focus but has not yet received any replies.
As the crypto community waits nervously, the decision expected on August 1 could be a major turning point for Ripple and the entire cryptocurrency market and if it will happen then surely the trade price of XRP Cryptocurrency will gain a better level of momentum.
Read also: $13 Million Bitcoin (BTC) by 2045, Predicts MicroStrategy Co-Founder Saylor
In Ripple vs SEC Case Important Decision Coming Soon: Information Leaked
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