Ripple vs SEC's closed-door meeting sparks speculation about lawsuit being dismissed soon.

The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit.

The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, sparking speculation about the future of the Ripple lawsuit.

Now, as the SEC recently dropped cases against major crypto firms like Coinbase (NASDAQ:COIN), Uniswap and Robinhood (NASDAQ:HOOD), many are wondering if Ripple could be next.

What Happened At The SEC Meeting?

The SEC sued Ripple in December 2020, saying the company sold XRP as an unregistered security. However, Judge Analisa Torres ruled in 2023 that XRP itself is not a security, which may have weakened the SEC’s case.

Recently, there has been a significant shift in the SEC’s strategy towards crypto. After opening investigations into several major crypto firms, the agency has dropped those cases.

Moreover, the SEC is now facing increasing pressure from Congress to regulate the crypto industry in a clear and efficient manner.

Also, the SEC is known to discuss legal matters and settlements at its closed-door meetings. Considering the recent developments, it's possible that the Ripple case was on the agenda.

Former SEC lawyer Marc Fagel doesn't believe this is a sign of progress, stating that these matters are routinely discussed.

However, pro-XRP lawyer, and known tipster, Bill (Plaintive) Morgan is more optimistic and feels Ripple is in a strong position.

What Does Senator Lummis Say?

Senator Cynthia Lummis has been a vocal critic of the SEC’s approach to crypto regulation.

Recently, the Senator challenged the agency’s stance, stating that most digital assets are not securities.

Lummis’s comments are significant as she is a key figure in shaping cryptocurrency policy in the U.S. Her views align with Judge Torres’ ruling in the Ripple case, which could further strengthen Ripple’s position.

What’s Next For The Case?

The SEC is appealing Judge Torres’s ruling, and the next key date is April 16, when Ripple must submit its reply to the SEC’s appeal.

If the SEC decides to withdraw its case before then, it could mark the end of the long-running saga.

The crypto community will be closely watching for any developments in the coming weeks.