The Securities and Exchange Commission (SEC) and Ripple Labs are set to have a meeting on November 9 to discuss the pending legal battle between them. The focus of the meeting will be on Ripple’s alleged violations of Section 5 of the Securities Act of 1933, which requires securities to be registered with the SEC before being sold to the public. The outcome of this lawsuit could have important implications for the treatment of digital assets in the United States. The SEC is pursuing a resolution that may involve a substantial settlement, potentially costing Ripple millions of dollars. While Ripple has won two victories in the case so far, a settlement is still a possibility.
AI Sentiment: Neutral