| Cryptocurrency | Price (USDT) |
|---|---|
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| ETH | $2437.1850000000 |
| BNB | $646.2492300000 |
| XRP | $2.1954160000 |
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Category: CRYPTO NEWS
The post BREAKING: Ripple and SEC Finally Settle, Ending Landmark XRP Lawsuit appeared on BitcoinEthereumNews.com. In a stunning turn of events, the protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be drawing to a close. After years of intense scrutiny and market-moving headlines, both parties have signaled a move towards finality, agreeing to drop their respective appeals. This breakthrough development marks a potentially pivotal moment for Ripple, XRP, and the broader cryptocurrency industry. Let’s dive into the details of this landmark settlement and what it means for the future. Ripple SEC Settlement: A Major Milestone Ripple’s Chief Legal Officer, Stuart Alderotti, took to X (formerly Twitter) to announce the significant progress in the Ripple SEC settlement. In a concise update, Alderotti revealed that both Ripple and the SEC have agreed to dismiss their appeals in the ongoing legal saga. This decision signifies a mutual desire to finalize the matter and move forward, avoiding further protracted legal proceedings. This move towards resolution has been keenly watched by the crypto community, given the case’s implications for crypto regulation and the precedent it could set. Here’s a quick breakdown of the key terms of the proposed settlement: Appeals Dropped: Both Ripple and the SEC will withdraw their appeals, effectively accepting the current court rulings as the basis for settlement. Fine Adjustment: The SEC will retain $50 million of the original $125 million penalty imposed on Ripple. This means a substantial $75 million will be returned to Ripple. Injunction Lift Request: The SEC will request the court to remove a previously imposed injunction against Ripple. This is a crucial aspect, potentially freeing up Ripple from certain operational constraints. It’s important to note that while this agreement is a significant step, finalization is still contingent upon several procedural steps. These include a vote by the Commissioners at the SEC, approval from the court…
2025-03-26T03:36:13+00:00