Ex-SEC Lawyer Reveals Ripple Was Discussed Weekly, Predicts Possible Dismissal of Appeal | Airdrop Alert Pro

There are rumors that Ripple and the SEC will hold a closed-door meeting, which could lead to significant developments in the XRP case. There is speculation that the meeting could lead to the case being closed or dropped entirely, with answers expected soon.

One user reacted, praising the XRP community for its unwavering perseverance. Despite multiple missteps, the community remains positive and hopeful, with updates appearing every month.

Former SEC lawyer Marc Fagel said he has attended hundreds of such meetings, and Ripple has been a topic of discussion in almost every meeting.

He wrote on X,

“I started attending in the late 1990s, when they were already discussing a settlement with Ripple. It’s always been a highlight of the weekly meetings.”

Fagel believes the SEC will continue its current approach and file opening briefs as planned for now. He also pointed out that New SEC Chairman It may take some time to be confirmed, and they may vote to deny the appeal. While it’s an unusual move, Fagel believes it’s possible if the right people are in charge.

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• SEC Commissioner Hester Peirce Says SEC Shifts to Supporting Cryptocurrency Innovation
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SEC is closed, RLUSD is online, etc.

In other news, SEC is preparing for government shutdownwhich may affect its operations. Government shutdowns and financial instability, such as the U.S. government’s debt problems, have put more pressure on markets.

Ripple launches RLUSD Price action initially was positive but has since been affected by the market downturn. Ripple CEO Brad Garlinghouse believes RLUSD is critical to the company’s future. Given the SEC’s clarity and possible dismissal of the case, XRP could see a massive rally.