In an unexpected turn of events, the U.S. SEC canceled a crucial closed-door meeting scheduled for July 18, which was set to discuss the ongoing Ripple lawsuit. The cancellation has sparked widespread speculation among market participants, with some suggesting it could be due to negotiations or new developments requiring further analysis. The XRP community, hopeful for a settlement, expressed disappointment. Despite this setback, XRP remains focused on its goal of reaching at least $1, driven by recent trends and significant interest in futures contracts. The ongoing debate over Ripple's alleged securities law violations continues, with the SEC seeking a $2 billion fine and Ripple proposing $10 million. A final ruling is anticipated by July 31, as reviewed by District Court Judge Analisa Torres.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
