Ripple’s management expects that after a series of unsuccessful lawsuits, the US Securities and Exchange Commission (SEC) will abandon further investigations and withdraw claims against the company.
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 SEC unexpectedly canceled a closed-door meeting to discuss the ongoing lawsuit against Ripple, which the company believes could signal that the SEC will soon drop additional lawsuits and 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.
