Some XRP supporters are hopeful that a potential turning point in the Ripple vs. SEC case could occur on July 3 during an upcoming closed-door SEC meeting.
Crypto commentator Captain Redbeard referred to this date as a 'moment of truth,' indicating that the SEC might vote to drop its appeal, offering regulatory clarity for XRP.
Legal experts, including former SEC attorney Marc Fagel, caution that the meeting's agenda is confidential, and the decision to dismiss the appeal could happen at any time.
The final steps to resolve the case involve a formal SEC vote, paperwork filing by both parties, and court finalization, a process that could extend beyond July 3.