A closed door meeting of the US Securities and Exchange Commission (SEC) on January 30 led a new speculation about the future of the current wrinkle store. This marks the fifth such meeting of the year, and it has attracted the attention of the XRP community, which is hopeful for possible developments with regard to the lawsuit.
The meeting, planned in advance and announced via a Sunshine ACT knowledge on the website of the SEC, will contain SEC -IMPORTANCE MARK UYEDA and HOSTER PEIRCE commissioner. Uyeda’s leadership attracts special attention because he is known for his critical attitude about the use of enforcement actions to regulate cryptocurrency.
The subject of the closed meeting will consist of the following topics:
- Institution and settlement of provisional actions;
- Institution and settlement of administrative procedures;
- Resolution of process claims; And
- Other matters with regard to exams and enforcement procedures.
While he continues to serve as interim chairman, pending confirmation from the US Senate for a permanent successor, many believe that his leadership can prefer clarity and fairness for the crypto industry.
Ripple’s potential breakthrough
Adding to the expectation is the recent development that the SEC reportedly removed all references to Ripple from the Releases section on its website. This has led to speculation that the lawsuit in which Ripple is involved, perhaps the end is approaching. Although this change is not conclusive evidence that the case is over, it certainly fueled the excitement within the XRP community. The situation remains fluent and although there is no official confirmation, the XRP community is hopeful that this is a sign of progress.
Brad Garlinghouse, the CEO of Ripple, recently spoke about the dangers of crypto -maximalism and argued for a more inclusive approach to industry. Garlinghouse, who owns various cryptocurrencies, including XRP, Bitcoin and Ethereum, expressed his conviction that a collaborative position is essential for promoting the crypto space.
