Today, July 18, Ripple was expected to receive a final verdict, drawing a line under the SEC’s multi-year investigation into the company related to possible violations of securities laws and the sale of digital assets without registration.
However, the Commission unexpectedly cancelled closed meeting to discuss the ongoing lawsuit against Ripple. The company believes that this could signal the SEC will soon drop additional lawsuits and demand payment of fines.
Ripple attributes its positive expectations to the fact that the SEC has recently suffered serious reputational losses due to poor evidence collection and unfounded claims. As a result, the courts refuse to satisfy the regulator’s claims.
The SEC recently dropped its investigation into the Hiro project, formerly known as Blockstacks, and in July it dropped its lawsuit and dropped its investigation into stablecoin issuer Paxos.
Source: Bits
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