A close meeting of Securities and Exchange American Commission (SEC) of January 30 has sparked new speculations on the future of the Ripple in progress. This marks the fifth meeting of this type of the year, and he drew the attention of the XRP community, which hopes for potential developments concerning the trial.
The meeting, planned in advance and Disclosed via an opinion on the Sun Act on the SEC website, The acting president of the Sec, Mark Uyeda and Commissioner Hester Peirce will be featured. Uyeda’s leadership attracts special attention, as is known for its critical position on the use of application measures to regulate cryptocurrency.
The subject of the closed meeting will include the following subjects:
- Institution and regulation of injunctive actions;
- Institution and settlement of administrative procedures;
- Resolution of dispute complaints; And
- Other questions relating to exams and application procedures.
While continuing to serve as an interim president, pending confirmation from the American Senate for a permanent successor, many believe that his leadership could promote clarity and equity for cryptographic industry.
Potential breakthrough of Ripple
Adding to anticipation is the recent development that the SEC would have deleted all the references to Ripple from the section of the dispute versions on its website. This led to speculation that the trial involving Ripple can approach its end. Although this change is not conclusive proof that the case is over, it has certainly fueled the excitement within the XRP community. The situation remains fluid, and although there is no official confirmation, the XRP community hopes that it is a sign of progress.
Brad Garlinghouse, the CEO of Ripple, recently talked about the dangers of crypto maximalism, pleading for a more inclusive approach to industry. Garlinghouse, which has various cryptocurrencies, including XRP, Bitcoin and Ethereum, has expressed its conviction that a collaborative attitude is essential to advance cryptographic space.