US SEC Cancels Closed-Door Meeting Scheduled for July 18
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Coinspeaker US SEC Cancels Closed-Door Meeting Scheduled for July 18 The United States Securities and Exchange Commission (SEC) has unexpectedly canceled a closed-door meeting scheduled for Thursday, July 18, without providing a reason. The financial watchdog updated its official website to reflect that the meeting, which was supposed to take place at 2:00 p.m. US time, will no longer occur as planned. While the SEC did not disclose the agenda for the gathering, leaked internal documents on X showed that the financial watchdog was going to discuss issues related to the settlement of injunctive actions, administrative proceedings, litigation claims, and other matters. Speculation and Reactions The addition of settlements to the meeting agenda raised speculation on the social media platform that the SEC was finally going to end its two-year-long court battle with Ripple, a blockchain payment infrastructure firm. 🚨 BOOOOOOOM! private executive meeting at their headquarters in Washington for this Thursday (18 Jul-24)! Reliable sources have informed us that this meeting is connected to the #Ripple vs #SEC resolutions and the finalization of the court case! #XRP pic.twitter.com/9lEy33mPaI — Brett Hill (@Brett_Crypto_X) July 12, 2024 Two days ago, members of the crypto Twitter community had fun predicting the potential outcome of the meeting, with some believing that the canceled meeting would definitely see the end of the case. “I mean, they’ve had about 150 of these nearly-weekly meetings since the case was filed, and Crypto Twitter was convinced a settlement was being discussed at every one of those meetings, but this is DEFINITELY the one,” wrote a pseudonymous X user, Marc Fagel. Another user echoed the same sentiment as Fagel, saying that the canceled meeting would lead to the settlement of the protracted legal battle between the two. According to him, “Gary Gensler is feeling the heat and he’s…
Filed under: News - @ July 18, 2024 10:14 pm