The US Securities and Exchange Commission (SEC) is about to hold a closed-door meeting on May 6 to tackle various topics. Interestingly, many in the crypto community believe that the Ripple lawsuit settlement is not out of the window.
Read CRYPTONEWSLAND onAccording to an official document, the meeting, named Sunshine Act, will discuss the following topics:
While the meeting did not mention anything specific to the Ripple lawsuit, others strongly assert that the said topic will be part of the agenda. In fact, Twitter user CRYPTOWZRD thinks that those who believe so otherwise are “naive”.
As stated in the agenda of the meeting, the SEC aims to resolve litigation claims. Given that the Ripple lawsuit is one of the most popular cases wherein SEC is involved right now, many believe that the SEC is under pressure to close the issue.
Recently, both the SEC and Ripple took jabs at each other, with no clear winner to be perceived yet. Nevertheless, the crypto community will have to wait whether a settlement will be on the table this May.
At the time of writing, XRP price is at $1.58, according to CoinGecko.
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