The U.S. Securities and Exchange Commission is holding a closed-door meeting today, March 27, with major implications for Ripple and the XRP token. According to reports shared by crypto analyst Zach Rector and FOX Business journalist Eleanor Terrett, the meeting could include a final discussion on the agency’s legal battle with Ripple.
A Sunshine Act notice released by the SEC confirmed that the Commissioners will meet privately at 2:00 p.m. ET. While the specific topics have not been disclosed, speculation is growing that the session may include a vote to drop the Commission’s appeal against Ripple officially.
The lawsuit began in December 2020 and accused Ripple of conducting an unregistered securities offering through XRP sales. Over the years, the case has seen key decisions, including a landmark ruling in July 2023 that found XRP was not a security in secondary market transactions.
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Further developments in August 2024 saw Ripple fined $125 million, though the ruling did not reverse earlier findings that favored the company. Since then, the SEC’s appeal efforts did not lead to any major changes in the legal standing of XRP.
According to Eleanor Terrett, an official SEC announcement could be released shortly after the meeting to confirm the dismissal of the appeal. This would bring one of the most high-profile crypto cases to a close and could signal a shift in the SEC’s enforcement direction.
SEC Meeting Likely to Address Ripple Appeal and Incoming Leadership Shift
Today’s closed session is not only being closely followed because of the Ripple case. It also aligns with the expected confirmation hearing for Paul Atkins before the Senate Banking Committee, who has been nominated as the next SEC Chair.
Atkins, a former SEC Commissioner, is believed to support more measured regulatory policies around digital assets. His confirmation could change the agency’s current enforcement stance on crypto.
The timing of the meeting suggests that both the Ripple lawsuit and the leadership transition may be addressed together. If so, the agency’s path forward on digital asset regulation could begin to take shape with decisions made today.
The end of the Ripple lawsuit comes amid a wave of recent dismissals in other crypto-related SEC cases. Observers believe the agency may reconsider its legal strategy following multiple courtroom setbacks.
The XRP community is watching developments closely, with many anticipating clarity on the future for Ripple and XRP. If the Commission officially issues a statement dropping the case today, it could mark a significant step toward regulatory certainty for the broader crypto industry.
Also Read: XRP, Others Secure Major Listing on Top Brokerage Platform, Price Surge Next?
