SEC Closed-door Assembly Boosts XRP Rally, Hopes of Settlement Rises

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SEC holds key closed-door meeting today to potentially finalize settlement with Ripple

  • The SEC scheduled a closed assembly right this moment for August 1, 2024.
  • XRP supporters hope that the assembly will likely be key to a ultimate settlement for Ripple.
  • Customers anticipate the SEC determination to set off an increase in XRP.

Members of the cryptocurrency neighborhood have been actively sharing what they declare to be memos from a particular closed-door assembly scheduled for right this moment, August 1, 2024, by the U.S. Securities and Trade Fee.

Based on blockchain researcher Collin Brown, the deliberate assembly may very well be key to a ultimate settlement of the continuing SEC v. Ripple lawsuit.

Based on particulars of the doc shared, it was ready on July 25 and signed by Vanessa Countryman, secretary of the committee. The assembly will likely be held on the committee's headquarters in Washington, however a lot of the attendees will join remotely.

In the meantime, the memo accommodates 4 bullet factors describing the topic of the assembly:

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