Long-term legal battle may approach Ripple and US Securities and Excination Commission (SEC) finally-but do you really conclude on Thursday? Let’s disintegrate the facts behind speculation and what is really happening.
Virus tweet – outdated and misleading
A tweet from Elianor Territt conducted tours again, indicating that the Supreme Education Council would address the dismissal of the Ripple case at a closed meeting scheduled for Thursday. However, what many people may not realize is to tweet from March. History is not new, and SEC’s internal schedule was related to the time.
What is already happening with the Ripple VS SEC case?
To summarize, Ripple and SEC have reached a partial decision some time, with Ripple approved a civilian penalty for previous institutional sales, while the court ruled that XRP is not safe in secondary markets. However, the final paper works, the official withdrawal, and the official SEC statement are still pending.
Stewart Aldrotti, the chief legal official in Ripple, recently confirmed that the case had ended effectively, pending the final procedures. But there was no official registration from the Supreme Council of Education Committee.
Why this matters XRP and Crypto markets
Many analysts believe that once the final papers and legal clarity are completely declined to ripples, it can bring new opportunities for institutional adoption and the high prices of XRP may increase. Some even speculate that ETFS XRP can be on the horizon.
But until the Supreme Education Council officially published the chapter, it is too early to declare victory.
Judgment: Wrong warning now
The claim depends that this Thursday, Ripple VS SEC depends on an old tweet and ongoing speculation. As of now, there is no certain date for the announcement of the dismissal of the final case.
