The US Securities and Stock Exchange Commission (SEC) will hold a closed meeting on this Thursday. As in previous meetings, this situation brought up the expectations of the XRP.
Meeting and Regulatory Investigation
SEC will discuss issues related to the XRP investment product at a closed meeting on Thursday, February 27, 2025. The negotiations will also discuss the suggestion that will enable CBOE to list the XRP fund and traded.
CBOE BZX Exchange, Inc. (“BZX” or “Stock Exchange”) applied to the SEC to change the rule for the XRP investment fund to be listed and traded.
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If we remember the approach of the new administration against crypto currencies, good news may not be so low. However, SEC, which progresses gradually, may have to wait for Paul Atkins to be appointed as nobility to take larger steps.
GRAYSCALE XRP review
In January 2025, Grayscale Investment requested to convert a 16 million dollar XRP Tress to an investment fund. This process was subjected to a 240 -day review period by the SEC and the decision on whether the fund will be approved is expected to be given until October 18, 2025. ETF for almost all subcoins in October and November coincides with the final decision of applications.
Also, Ripple $2.13 The proceedings for the case and some previous legal agreements (Robinhood, Coinbase and Uniswap) cause different interpretations between investors. While there are complexities in the legal process, expert opinions produce different estimates.
Metalwman: It can be concluded before Ripple presented his appeal petition on April 16, 2025.
Jeremy Hogan: The solution of the XRP case can be realized before the SEC approval process, long regulatory processes are effective.
The details to be announced after the SEC meeting may closely affect both the investment fund approval and the Ripple case. The progress of the regulatory process and the market reactions are among the important indicators to be followed for investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.