SEC’s First Meeting in January 2025: Will Ripple Lawsuit See Resolution?

The US SEC will hold its first closed-door meeting under the Trump administration on Thursday.
The meeting will take place at 2 pm ET and only SEC commissioners and certain staff are allowed.
Former SEC official Marc Fagel said that the meeting will likely see members voting on prior recommendations.

The United States Securities and Exchange Commission (SEC) is set to hold its first meeting under the leadership of the new Donald Trump administration, with Commissioner Mark Uyeda serving as acting Chair. FOX Business journalist Eleanor Terrett reported the development, confirming that the meeting will take place on January 23 at 2:00 p.m. ET.

According to a Sunshine Act notice on the SEC’s website, the meeting will be closed to the public. It will be conducted remotely or at the SEC headquarters in Washington, DC, with attendance limited to SEC officials, including commissioners, counsels, and specific staff members.

SEC to Discuss Lawsuits and Settlements

Terrett noted that the agenda includes discussions on the settlement of injunctive actions, administrative proceedings, and litigation claims. The meeting will also cover enforcement proceedings and examinations.

The SEC vs. Ripple lawsuit over XRP sales is a key topic that may fall under these discussions. Members of the XRP community have expressed hope for a resolution or dismissal of the lawsuit. Some have urged Uyeda and Commissioner Hester Peirce to adopt a pro-crypto stance, contrasting with the regulatory approach under former Chair Gary Gensler.

Optimism is high among Ripple supporters, hoping for the SEC to dismiss or at the least, settle the lawsuit against Ripple and align themselves with the decision made by Judge Analisa Torres in 2023. Some crypto market participants urged Uyeda and SEC Commissioner Hester Peirce to not let them down and turn anti-crypto like Gensler’s SEC.

However, former SEC official Marc Fagel provided a contrasting view. Fagel stated that such closed-door meetings are routine and primarily involve voting on pre-planned recommendations. Terrett later acknowledged this perspective, suggesting that expectations for major decisions during this session might be premature.

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