- Ripple faces ongoing regulatory scrutiny as the SEC discusses XRP-related matters in its closed-door meeting.
- Ripple’s legal battle with the SEC could influence the approval of the proposed Bitwise XRP ETF.
The U.S. Securities and Exchange Commission (SEC) has scheduled a closed-door Sunshine Act Meeting for February 27, 2025. This has ignited speculation in the crypto community, especially since XRP is directly mentioned in related documents.
According to publicly available information, the meeting will focus on enforcement proceedings, including the institution and settlement of injunctive actions and administrative matters. The confidential nature of the meeting leaves many wondering if XRP will be a major topic of discussion.
Ripple ETF Proposal and SEC Considerations
Adding to the intrigue, Cboe BZX Exchange filed a proposal on February 6, 2025, to list and trade the Bitwise XRP ETF. Bitwise Investment Advisers, LLC, is behind the trust, aiming to make an XRP-based investment product available to institutional and retail investors.
The SEC will evaluate the proposal under its existing framework, determining whether the listing exchange has a comprehensive surveillance-sharing agreement with a regulated market of significant size. Since the SEC has applied this standard to previous crypto ETFs, XRP’s approval chances remain uncertain.
Potential Impact on XRP’s Market Position
The SEC’s ongoing legal battle with Ripple has kept XRP’s regulatory status in flux. While the proposed ETF is separate from Ripple’s business, any discussion surrounding XRP in the meeting could signal the agency’s stance on its classification.
A favorable decision on the ETF could boost investor confidence and drive demand for XRP. However, if the SEC continues to view XRP unfavorably, it could create hurdles for institutional adoption.
Ripple : What’s Next?
Traders and analysts will closely watch for any post-meeting developments. If new filings or statements emerge, they could provide insight into how the SEC views XRP’s role in the financial markets.
With the growing interest in crypto-based ETFs and regulatory clarity, the outcome of this meeting could play a crucial role in shaping XRP’s future.
