The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be coming to a close soon, but it is not happening this Thursday. A tweet suggesting that the SEC would address the dismissal of the Ripple case on Thursday is outdated and misleading. The tweet was from March and was relevant to the SEC’s internal scheduling at that time.
To recap, Ripple and the SEC have already reached a partial resolution. Ripple agreed to a civil penalty for earlier institutional sales of XRP, and the court ruled that XRP is not a security on secondary markets. However, the final paperwork, formal withdrawal, and an official SEC statement are still pending.
Ripple’s Chief Legal Officer, Stuart Alderoty, has stated that the case is effectively over pending final formalities, but there has been no official sign-off from the SEC Commission.
The outcome of this case is significant for XRP and the crypto markets. Once the final paperwork is released and legal clarity is established for Ripple, it could open up new opportunities for institutional adoption and potentially drive up the price of XRP. There is even speculation about the possibility of XRP ETFs.
However, it is premature to declare victory until the SEC officially publishes the dismissal.
In conclusion, the claim that the Ripple vs SEC case will end this Thursday is based on an old tweet and ongoing speculation. There is no confirmed date for the final case dismissal announcement at this time.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
