SEC’s Next Move? Ripple Lawsuit Update After Confidential Meeting
The US Securities and Exchange Commission (SEC) had a closed meeting on February 27, 2025 and we’re wondering how it impacts the Ripple lawsuit.
The case has been going on since December 2020 and the SEC claims Ripple sold XRP as an unregistered security. With regulatory uncertainty and political pressure mounting, investors and legal experts are waiting for any sign of a resolution.
Why is it that the SEC is supposed to protect the public, yet the case that they are ignoring is the one that affects hundreds of thousands of public XRP holders?
Why does the SEC put the public last and why can't they or Ripple update us on where they are?
I thought this was…
— Dobbo (@FAAAAAAARK) February 27, 2025
Could the SEC End Its Legal Battle with Ripple?
The SEC meeting was under the Sunshine Act and covered enforcement actions, litigation settlements and administrative proceedings. The agenda is not disclosed but many think the Ripple case was discussed.
Several recent developments suggest the SEC is changing its crypto enforcement approach:
The SEC has dropped or paused investigations into multiple crypto companies including Coinbase, Uniswap, Gemini and Robinhood Crypto.
Consensys reached a settlement and the case was dismissed.
The Binance lawsuit was paused for 60 days.
Legal experts are divided. Former SEC attorney Marc Fagel thinks expectations of an SEC retreat are overblown. But pro-XRP attorney Bill Morgan says the SEC’s case has weakened since Judge Analisa Torres ruled in 2023 that XRP itself is not a security.
#BigBreaking #JustIn: SEC v. Ripple Lawsuit #XRP
Sec Drops Case?
Sec Lawsuit Update Coming Up Soon… pic.twitter.com/SvpWQ9rknq— कबीर बोले (@bolekabir) February 27, 2025
Senator Cynthia Lummis Calls for Crypto Clarity
US Senator Cynthia Lummis, a vocal crypto advocate, recently spoke about the SEC’s crackdown on digital assets. She said, “Most digital assets do not meet the Howey Test criteria for securities. The US is behind global counterparts in crypto laws.”
Bill Morgan pointed out that Judge Torres’ ruling aligns with Lummis’ statement, so XRP is out of the SEC’s jurisdiction. With more and more lawmakers and legal experts agreeing, the chance of an SEC policy shift increases.
XRP Price Outlook: Could It Rally to $3.55?
The Ripple lawsuit has been driving XRP’s price moves. After the SEC meeting XRP dropped 7.59% on February 28 and followed Bitcoin down below $80,000. But if the SEC drops the appeal it could be a big price move.
Key XRP price factors to watch:
Judge Torres’ ruling previously led to a 70% XRP surge in July 2023.
A full lawsuit dismissal could propel XRP toward its all-time high of $3.55.
Speculation is growing around an XRP spot ETF, which could drive institutional investment.
The next date in the case is April 16, 2025 when Ripple will file its response to the SEC’s appeal. If the SEC drops before then it’s game over. For now the crypto world waits for an official SEC decision.
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