Speculation Mounts as SEC's Closed Meeting Fuels Rumors of Dropping Ripple (XRP) Appeal

A scheduled closed-door meeting by the U.S. Securities and Exchange Commission (SEC) today at 2:00 PM ET has sparked intense speculation within the crypto community. The meeting, listed under the Sunshine Act Notice for confidential agency deliberations, comes amid rumors that regulators may abandon their appeal in the landmark Ripple Labs case.

Crypto analyst Xaif fueled these speculations with a social media post suggesting the SEC might officially withdraw its appeal today, potentially concluding the years-long legal battle. 'Rumors suggest the SEC will drop the appeal at today's meeting (July 3, 2025), finally ending the case,' Xaif wrote, referencing the agency's ongoing challenge to a court ruling that deemed XRP not a security in secondary market transactions.

The crypto community remains divided about the possibility. While some optimists like user AizenGetsu argue the SEC has 'no remaining resistance' after Ripple's compliance with penalties, skeptics like BLKSHP caution against premature expectations, noting the case's history of delays.

Today's closed meeting, which may address litigation matters, holds significant implications for cryptocurrency regulation. A formal appeal withdrawal would establish a crucial precedent for digital asset classification in U.S. markets. However, neither the SEC nor Ripple has confirmed the meeting's agenda.

Legal experts emphasize that while the speculation warrants attention, market participants should await official confirmation before drawing conclusions about this high-stakes regulatory development.