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SEC to Make Big Crypto Industry Announcement – Is It Ripple Settlement?

• Eleanor Terrett, a Fox Business journalist, revealed an explosive leak in a tweet that could affect the entire crypto industry or Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).
• The SEC is holding a closed meeting at 2 pm EST which could lead to an announcement that has industry ramifications.
• There are speculations that the announcement could be related to Kraken’s settlement with SEC, or even Ripple’s case against the regulator.

Explosive Tweet Reveals Potential Industry-Wide Announcement

Fox Business journalist Eleanor Terrett revealed an explosive leak in a tweet yesterday at 10 pm EST, which could affect the entire crypto industry or allegedly Ripple and its legal battle with the U.S. Securities and Exchange Commission (SEC). Terrett wrote that she learned from an anonymous source close to the SEC that the U.S. agency will make a big announcement for the crypto industry tomorrow. The journalist speculates that the announcement could come after 2 pm EST, as the SEC is holding a closed meeting at that time:

Kraken Settlement Rumors

Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! My SEC sources tell me to be prepared for a potentially big announcement tomorrow. Could it have something to do with a Kraken settlement following a closed meeting at 2pm? Could settlement terms have industry ramifications? We’ll see. Terrett’s tweet has sparked speculation about what the announcement might entail. She herself cites a settlement reached by U.S. exchange Kraken with the U.S. Securities and Exchange Commission. Related Reading: US Government Secretly Cracking Down On Crypto? Signs Are Evident On Wednesday, it was revealed that Kraken is under investigation for alleged violations of U.S. securities laws. Bloomberg reported that the investigation was in an “advanced stage.” Citing an anonymous source, the report stated that a settlement could be reached “in coming days.”

Ripple Settlement Hopes Emerge

Meanwhile, hopes have emerged in XRP community that Ripple may have reached a settlement with SEC since their case against them is fully briefed and now awaiting decision from judge Analisa Torres as Bitcoinist reported before . BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wildio Play Now! XRP community attorney John E Deaton has argued in previous tweets that there won’t be any settlements before court ruling but LBRY recent partial victory against SEC may bring some changes as they forced regulator to admit secondary market sales don’t constitute securities transactions

Pure Speculation Over Nature Of Announcement

Still it remains pure speculation whether SECs upcoming announcement will revolve around Ripple’s case or not but recently Bank Of England also mentioned ripple in their consultation paper related to CBDC

Conclusion

In conclusion , Fox Business journalist Eleanor Terretts recent tweet has sparked speculation over potential upcoming announcements from US based regulatory agency i-e SEC . Its still unclear what exact nature of announcment would be but people are expecting its going to effect whole crypto industry either way .