Ripple CEO Optimistic About SEC Settlement Meeting on July 25, 2024; XRP ETF and IPO Speculated

Ripple CEO Brad Garlinghouse has expressed optimism regarding a potential settlement in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). A pivotal closed-door meeting is scheduled for July 25, 2024, where discussions will focus on the SEC's demands related to the classification of XRP as a security. Ripple is reportedly resistant to this classification, which could have significant implications for the cryptocurrency market. XRP attorney John Deaton has highlighted that the SEC's insistence on labeling XRP as a security poses major hurdles in the settlement talks. The anticipation surrounding the meeting has also sparked speculation about the possibility of an XRP exchange-traded fund (ETF) and initial public offering (IPO) by 2025.