With the crypto community just ahead of the first meeting of the US Securities and Exchange Commission (SEC) under incumbent chairman Mark Uyeda, Ripple $3.2 He speculates about the solution to his case. However, former SEC lawyer Marc Fagel stated that these expectations may not be met.
Is the Ripple Case Over?
Former SEC Attorney Fagel denied expectations that there would be a resolution to the Ripple SEC case after a closed meeting to be held on Thursday. There remains uncertainty as to whether the XRP case will be concluded anytime soon.
This meeting is held almost every week. They will vote on proposals previously added to the calendar. Those expecting a major improvement will be disappointed.
Marc Fagel’s statements came with the news shared by Fox Business journalist Eleanor Terrett. Terrett announced that the first closed meeting since the appointment of Mark Uyeda as incumbent president will be held this week. This meeting also covers the work of the Crypto Task Force, which Uyeda established under the leadership of Hester Peirce.
Possibility of Delay and Expectations
Fagel stated that if the Trump administration provides a solution, an outcome is expected after Paul Atkins takes office. In this process, experts such as MetaLawMan suggested that the SEC’s announcement of Bill Hinman’s conflicts of interest report may be imminent.
There is no need to wait for Paul Atkins to take office for a simple act of transparency.
Despite the recent developments, the crypto community remains hopeful for a resolution of the case between Ripple and the SEC. However, it is not yet clear what effect the closed meeting will have on the case.
It remains a matter of curiosity how XRP investors and related parties will act if the litigation process is prolonged.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
