<p>Ripple and the <a href="https://walletinvestor.com/magazinadmin/sec-triumphs-over-thor-technologies/">US SEC</a> are preparing for a significant meeting. They will discuss Ripple’s sales of XRP to institutions and whether these sales violated US securities laws.</p> 
<h2 id="">&nbsp;</h2> 
<h2 style="text-align: center;" id="strong-dismissal-of-charges-against-ripple-executives-strong"><strong>Dismissal of Charges Against Ripple Executives</strong></h2> 
<p>The SEC had previously accused Ripple’s CEO, Brad Garlinghouse, and executive chairman, Chris Larsen, of violating securities laws. However, these charges have been dropped. This means there won’t be a trial about whether these executives helped Ripple break the law.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-the-main-issue-institutional-sales-of-xrp-strong"><strong>The Main Issue: Institutional Sales of XRP</strong></h2> 
<p>Ripple and the SEC are now focusing on a key issue: Did Ripple’s sales of XRP to institutions break the law? According to the Securities Act of 1933, any security sold to the public, including institutions, must be registered with the SEC. The big question is whether XRP counts as a “security” under this law.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-november-9-meeting-strong"><strong>November 9 Meeting</strong></h2> 
<p>Ripple has asked the court for a meeting on <a href="https://coingape.com/ripple-to-confer-with-us-sec-on-institutional-sales-of-xrp-says-ripple-attorney/?utm_source=24hrsupdateall">November 9</a>. This meeting will allow both sides to discuss the issue and decide whether to settle or continue fighting in court. This meeting is crucial because it will help determine the future of XRP and other digital assets in the US.</p> 
<p>&nbsp;</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Judge Analisa Torres. Ripple vs SEC: the November 9 Date The importance of the November 9 meeting lies in its role in <a href="https://twitter.com/hashtag/bitletExchange?src=hash&amp;ref_src=twsrc%5Etfw">#bitletExchange</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a> <a href="https://twitter.com/hashtag/cryptonews?src=hash&amp;ref_src=twsrc%5Etfw">#cryptonews</a> <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://twitter.com/hashtag/CRYPTO?src=hash&amp;ref_src=twsrc%5Etfw">#CRYPTO</a> <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw">#NFT</a> <a href="https://twitter.com/hashtag/Staking?src=hash&amp;ref_src=twsrc%5Etfw">#Staking</a> <a href="https://twitter.com/hashtag/Trading?src=hash&amp;ref_src=twsrc%5Etfw">#Trading</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://twitter.com/hashtag/TradingStrategies?src=hash&amp;ref_src=twsrc%5Etfw">#TradingStrategies</a> <a href="https://twitter.com/hashtag/Trading?src=hash&amp;ref_src=twsrc%5Etfw">#Trading</a> <a href="https://twitter.com/hashtag/TechnicalAnalysis?src=hash&amp;ref_src=twsrc%5Etfw">#TechnicalAnalysis</a> <a href="https://t.co/WGENO0wCJV">pic.twitter.com/WGENO0wCJV</a></p> 
 <p>— Betobit (@betobitnet) <a href="https://twitter.com/betobitnet/status/1715406882884464790?ref_src=twsrc%5Etfw">October 20, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="">&nbsp;</h2> 
<h2 style="text-align: center;" id="strong-does-the-sec-plan-to-appeal-strong"><strong>Does the SEC Plan to Appeal?</strong></h2> 
<p>There’s been some debate about whether the SEC might appeal against Ripple. However, experts like attorney John Deaton and journalist Eleanor Terrett believe the SEC can’t appeal right now. They’ll have to wait until the lawsuit is completely finished, which might not be until next year.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-why-the-november-9-meeting-is-important-strong"><strong>Why the November 9 Meeting is Important</strong></h2> 
<p>The upcoming meeting is not just about Ripple and XRP. It’s about the future of digital assets in the US. The outcome of this case could set a precedent for how other digital assets are treated by the law. If Ripple is found to have violated the law, they might have to pay a large fine. This could be millions of dollars, which would be a significant blow to the company.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-ripple-s-strong-recent-strong-victories-strong"><strong>Ripple’s</strong> Recent<strong> Victories</strong></h2> 
<p>Despite the ongoing legal battle, Ripple has had some wins. In July, Judge Torres ruled that XRP’s sales on some platforms are not securities. This was a big win for Ripple and boosted confidence in XRP. Also, the charges against Ripple’s top executives were dropped, which was another positive development for the company.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-conclusion-strong"><strong>Conclusion</strong></h2> 
<p>The November 9 meeting between Ripple and the SEC is a big deal. It could influence the future of digital assets in the US. As the date approaches, everyone in the crypto world is waiting to see what happens. The results could change the US digital asset landscape for many years.</p> 
<p>&nbsp;</p>

Ripple and US SEC: The Upcoming Discussion

Table of Contents

WalletInvestor

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