XRP News Today: SEC Holds Closed Meeting Amid Ripple Legal Battle

The U.S. Securities and Exchange Commission (SEC) is convening a closed meeting today, July 10, 2025, at 2:00 PM ET, which has drawn significant attention to the ongoing legal battle involving Ripple. The meeting, to be held remotely and at the SEC headquarters in Washington, D.C., will include commissioners, legal counsel, and authorized staff, but will not be open to the public. The agenda for the meeting includes discussions on the resolution of litigation claims, administrative actions, settlements, and enforcement proceedings, though no specific case has been named. This has led to speculation that a significant decision regarding Ripple could be forthcoming.

Investors and community members are closely monitoring the situation, with some expressing optimism that the SEC might withdraw its appeals challenge against Ripple. This anticipation has been fueled by a recent large investment in XRP, valued at $14 million, made through Hyperliquid. The investor placed $4.7 million of their funds, entering the position at approximately $2.30 per XRP. The returns from this investment have already surpassed $152,000, with the liquidation level set at $1.57. The timing of this investment coincides with the SEC's meeting, leading to speculation about whether it reflects strategic insight into the legal proceedings or a high-risk gamble on positive regulatory outcomes.

The legal battle between Ripple and the SEC centers around the classification of XRP, Ripple's native cryptocurrency. A federal court has ruled that XRP itself is not a security and that sales of XRP on digital exchanges do not constitute investment contracts. This ruling has significant implications for the broader cryptocurrency market, as it sets a precedent for how digital assets are regulated. Ripple CEO Brad Garlinghouse has advocated for regulatory clarity in the cryptocurrency space, calling on U.S. lawmakers to pass the CLARITY Act, which aims to provide clear guidelines for crypto regulation. The outcome of the Ripple lawsuit could have far-reaching effects on the industry, potentially influencing the approval of spot XRP exchange-traded funds (ETFs) in the U.S. and driving substantial capital inflows into the XRP market.

Despite the anticipation, neither Ripple nor the SEC has indicated that they will drop their appeals at this time. Both parties are likely to file a joint agreement, suggesting that the legal process will continue for the foreseeable future. The outcome of this lawsuit will not only impact Ripple and XRP but also set a precedent for how other cryptocurrencies are regulated in the U.S. and potentially globally. As the SEC meets today behind closed doors, the crypto market remains alert for any updates related to Ripple. The outcome could influence both XRP’s legal standing and its performance in the days ahead.