The U.S. Securities and Exchange Commission is expected to hold a closed-door meeting on March 27 that may determine the fate of its legal battle with Ripple Labs. According to legal expert Fred Rector, SEC commissioners may vote during the meeting to officially dismiss the commission’s appeal in the Ripple case.
The scheduled start time for the meeting is 2:00 p.m. Eastern Time, and sessions will occur remotely from the SEC’s Washington, D.C. headquarters. The meeting agenda reveals administration settlements and enforcement proceedings prohibiting public attendance, yet all these topics apply directly to Ripple’s legal dispute.
The official agenda omitted Ripple by name, while speculation about its future remains strong within the legal and cryptocurrency space. Experts predict this meeting will finalize the SEC’s decision to dismiss their appeal against Ripple.
The approval will mark an imminent conclusion to the prolonged nature of the enforcement case.
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Crypto journalist Eleanor Terrett reported that the SEC plans to vote on ending its appeal at their upcoming meeting this week. After the meeting, the agency will release a formal statement to confirm its final decision.
Ripple previously stated that the SEC had agreed to abandon its appeal. However, the commission has not issued a formal confirmation, leaving room for uncertainty. The expected vote on March 27 could provide the clarity that market participants have been awaiting.
SEC Leadership Transition and Ripple Cross-Appeal Under Review
The meeting coincides with the Senate Banking Committee’s confirmation hearing for Paul Atkins, whom Donald Trump nominated as the SEC’s permanent chair. As Atkins awaits confirmation, Acting Chair Mark Uyeda will continue to lead the commission and make key decisions.
Under Uyeda’s leadership, the SEC crypto enforcement unit was dismantled while essential changes occurred within the organization. The decision to drop the Ripple appeal reflects the ongoing evolution of SEC crypto policy. Internal commission discussions indicate a substantial evolution of the SEC’s attitude toward crypto-related lawsuits.
If the appeal gets dismissed, the Ripple case will be left with a single open issue dealing with the company’s cross-appeal. The dispute between Ripple and a court revolves around the court’s ruling about XRP institutional transactions that imposed a $125 million fine and an indefinite future prohibition on institutional XRP deals.
Ripple CEO Brad Garlinghouse recently hinted that the company seeks to resolve all outstanding issues, including the fine and injunction. Talks are reportedly underway to reach an agreement, though the outcome remains unclear. A resolution on both sides would officially close the case that has lasted several years.
Conclusion
This week’s SEC meeting could mark a turning point in the Ripple case. If the appeal is dropped, it would signal one of the most significant enforcement reversals in the crypto industry. An official update from the SEC is expected after the March 27 session.
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