Ripple Vs. SEC Lawsuit Nears End — Why The July 3rd Date Is Important

Key Points

1. July 3 is identified as a pivotal date in the Ripple vs. SEC lawsuit, with the SEC scheduled for a closed-door meeting that could lead to dropping its appeal.

2. Crypto commentator Captain Redbeard suggests that if the SEC drops its appeal, XRP could experience significant price movement, calling it a moment of truth for the case.

3. Ex-SEC lawyer Marc Fagel cautions that the meeting's agenda is confidential and may not directly relate to the Ripple case, suggesting the lawsuit's resolution could take weeks or longer.

4. The XRP price was trading at around $2.22 at the time of writing, showing an increase in the last 24 hours.

5. The article mentions that the district court's order needs to go into effect before the lawsuit can officially conclude, with no set timeframe for this process.