Speculation is swirling within the cryptocurrency realm as the Ripple case approaches a significant meeting with SEC Chairman Mark Uyeda. However, former SEC attorney Marc Fagel cautions that hopes for a swift resolution may be overly optimistic.
Will the SEC Provide Clarity on Ripple?
Fagel has cast doubt on any immediate resolution following Thursday’s closed meeting, suggesting that uncertainty about the XRP case’s outcome lingers. He emphasizes that expectations for clarity may not be met any time soon.
This session is part of a routine schedule, taking place nearly every week, where previously proposed ideas are put to a vote. Those anticipating groundbreaking news may find themselves disappointed.
Fagel’s insights align with Fox Business journalist Eleanor Terrett’s report, noting that this week marks Uyeda’s first closed meeting since his recent appointment. The meeting will also address initiatives from the newly established Crypto Task Force under Hester Peirce.
What Delays Might Arise for XRP Investors?
Fagel mentioned that if a resolution were to emerge from the Trump administration, it might only happen after Paul Atkins takes office. Experts like MetaLawMan indicate that the SEC could soon reveal Bill Hinman’s conflict of interest report.
There is no need to wait for Paul Atkins to begin a simple transparency initiative.
Despite ongoing uncertainties, the cryptocurrency community remains hopeful for a breakthrough between Ripple and the SEC. The implications of the upcoming closed meeting remain to be seen, especially if the legal battle extends further.
– Ripple’s case faces continued delays.
– Former SEC attorney expresses skepticism.
– Hopes for transparency from SEC may soon arise.
– Future actions by XRP investors could depend on further developments.
