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<p>The post <a href="https://coinpedia.org/news/ripple-vs-sec-closed-door-meeting-abruptly-canceled-whats-next-for-xrp-lawsuit/">Ripple vs. SEC Closed-Door Meeting Cancelled Again: XRP Price to Dip?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Today’s closed-door meetings between Ripple and the SEC were highly anticipated, with many hoping for a resolution. Instead, the meeting was canceled once again, and neither Ripple nor the SEC provided any updates.</p> 
<p>Well, what’s brewing behind the scenes?</p> 
<h2 class="wp-block-heading" id="h-canceled-meeting-what-s-behind-the-delay"><strong>Canceled Meeting: What’s Behind the Delay?</strong></h2> 
<p>Vandell Aljarrah, Co-founder of Black Swan Capitalist, shared on X that today’s scheduled meeting has been postponed. He hints that the case may be more about internal regulatory maneuvers than actual legal debate, suggesting there might be nothing new to discuss.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> vs <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw">#SEC</a> lawsuit meeting for Thursday was canceled.<br><br>Makes sense, there's nothing else to discuss on the internally orchestrated lawsuit.<br><br>Sunshine Act Notice:<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a><a href="https://t.co/tqUCQ5sc0j">https://t.co/tqUCQ5sc0j</a> <a href="https://t.co/pL2vb9y6WZ">pic.twitter.com/pL2vb9y6WZ</a></p>— Vandell | Black Swan Capitalist (@vandell33) <a href="https://twitter.com/vandell33/status/1818797497440973058?ref_src=twsrc%5Etfw">July 31, 2024</a>
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<p>The mention of the <a href="https://www.sec.gov/newsroom/meetings-events/sunshine-act-notice-closed-080124-cancellation">Sunshine Act Notice</a> implies the discussions are more about procedural matters than major legal updates.</p> 
<h2 class="wp-block-heading" id="h-why-is-sec-fleeing"><strong>Why is SEC Fleeing? </strong></h2> 
<p>The SEC’s decision to avoid the meeting might be influenced by recent court rulings that have favored cryptocurrencies, forcing the agency to reconsider its stance. Additionally, growing political pressure, especially from the US administration as Trump engages with the crypto community, could be affecting regulatory strategies and contributing to the delay.</p> 
<h2 class="wp-block-heading" id="h-ripple-doesn-t-hold-back"><strong>Ripple Doesn’t Hold Back! </strong></h2> 
<p>The SEC’s repeated delays indicate a potential lack of evidence in the Ripple case. <a href="https://coinpedia.org/cryptocurrency-regulation/" target="_blank" rel="noreferrer noopener">Ripple CEO Brad Garlinghouse</a> has not held back in his criticism of the SEC. He has pointed to the SEC’s recent decision to withdraw its classification of ADA and SOL as securities as a glaring example of the agency’s hypocrisy. Garlinghouse argues that this move reflects the SEC’s inconsistent and problematic handling of <a href="https://coinpedia.org/cryptocurrency-regulation/" target="_blank" rel="noreferrer noopener">cryptocurrency regulations</a>, further intensifying criticism of the agency’s approach.</p> 
<h2 class="wp-block-heading" id="h-xrp-on-thin-ice-again"><strong>XRP on Thin Ice – Again!</strong></h2> 
<p>On the market front, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> movement has been notable. It recently broke above a multi-year resistance trend line, closing July with a significant 31.09% gain at $0.6232, despite a 0.72% decline on July 31. Recently, <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> also touched $0.65 for the first time since March, and analysts are optimistic about further gains, with potential targets set at $0.66, $0.74, and even $1. If bullish momentum continues, XRP could see substantial upward movement.</p> 
<p>For many investors hoping for changes in crypto policy, the Ripple vs. SEC case is crucial. However, each delay continues to impact XRP. Will the case resolve soon, or will there be more setbacks for XRP? Time will tell.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/crypto-news-today-fomc-holds-rates-steady-bitcoin-and-ethereum-price-decline/" target="_blank" rel="noreferrer noopener">Crypto News Today: Bitcoin, Ethereum Brace for Volatility as Fed Maintains Rates</a></p>

Ripple vs. SEC Closed-Door Meeting Cancelled Again: XRP Price to Dip?

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