The Securities and Exchange Commission (SEC) recently announced a private meeting on November 30th to discuss settling litigation claims. While Ripple and XRP were not specifically mentioned, the covert nature of the meeting has sparked discussion about a potential settlement in the long-standing “XRP lawsuit” filed by the SEC against Ripple Labs.
Last week, the court set a February 2024 discovery deadline for the high-profile case, but legal experts say a settlement could happen much sooner. The SEC meeting announcement led to a spike in XRP trading volume as investors anticipated a resolution.
