Ripple’s legal battle with the Securities and Exchange Commission (SEC) took another unexpected turn as yet another scheduled closed-door meeting was abruptly canceled. The move has ignited fresh speculation about the case’s trajectory and its potential impact on the XRP token.
While the SEC has remained tight-lipped, industry insiders are raising eyebrows. Vandell Aljarrah, Co-founder of Black Swan Capitalist, hinted on X that the repeated postponement might signal a deeper issue than a mere scheduling conflict. He suggests that the case could be more about internal regulatory maneuvering than substantive legal arguments. The mention of a Sunshine Act Notice further fuels this theory, indicating that the focus might be on procedural matters rather than pivotal legal developments.
Ripple CEO, Brad Garlinghouse, has been vocal about the SEC’s inconsistent approach to crypto regulation. The agency’s recent decision to withdraw its classification of ADA and SOL as securities has provided ample ammunition for Garlinghouse to criticize the SEC’s lack of clarity. He argues that this inconsistency undermines the regulatory framework for the entire crypto industry.
Interestingly, XRP’s price has defied the ongoing legal uncertainty, surging in recent weeks. The token broke through a multi-year resistance level and closed July with a significant gain. Analysts are cautiously optimistic, predicting further price increases if the bullish momentum persists. However, the looming shadow of the Ripple case continues to be a wild card.
The repeated delays in the Ripple-SEC case have cast a long shadow over the XRP community. Investors are eager for a resolution that could provide much-needed clarity and stability to the market. While the SEC’s motivations for postponing the meeting remain unclear, the crypto industry watches with bated breath as the case
