Ripple Lawsuit At An End? Here’s A Recap Of What Was Discussed At The Closed SEC On July 10
2025-07-11 18:11:51
Main Idea
The article discusses the ongoing Ripple lawsuit with the SEC, highlighting the uncertainty around the SEC's decision to drop the appeal and potential settlement details.
Key Points
1. The Ripple lawsuit remains unresolved after a closed-door SEC meeting on July 10, with no decision made on dropping the appeal.
2. Former SEC lawyer Marc Fagel noted that the settlement process typically takes time, and a vote on the agreement could be more straightforward.
3. Ripple's CEO, Brad Garlinghouse, suggested the SEC might end the nearly five-year legal battle, possibly with a monetary fine of $125 million.
4. XRP's price was trading at around $2.56, up over 5% in the last 24 hours at the time of writing.
5. The article also mentions broader Ripple-related developments, such as its CEO's testimony before the US Senate and its efforts to obtain banking licenses in the US.
Description
There were speculations that the US SEC would agree to drop the Ripple lawsuit at the closed-door meeting held on July 10. With the meeting now over, there is little to suggest that the Commission discussed, with a former SEC lawyer also weighing in on what happened. Ripple Lawsuit Still In The Balance Following SEC Meeting The Ripple lawsuit still lingers following the closed-door SEC meeting on July 10, as the Commissioners have yet to decide on whether to drop the appeal. XRP community member...
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