Ripple Settles with SEC, Gets $75 Million Returned
The post Ripple Settles with SEC, Gets $75 Million Returned appeared on BitcoinEthereumNews.com. Ripple has reached a settlement with the SEC, agreeing to pay $50 million of the initially proposed $125 million penalty. The remaining $75 million will be returned to the company. Both parties will drop their appeals if the court lifts the longstanding injunction against Ripple. Ripple Vs. SEC is Officially Over This marks the official end of one of the most prolonged legal disputes in the crypto sector. The case, filed during Gary Gensler’s tenure at the SEC, has been closely watched across the digital asset industry. Ripple, which has maintained financial stability throughout the legal proceedings, appears well-positioned to accelerate its growth. The resolution comes at a time when the company is benefiting from a regulatory environment that has shifted under President Trump’s administration. Next Steps: Judge Torres needs to provide an indicative ruling as to whether the Court would: (1) dissolve the injunction and release the escrow with $50 million going to the SEC and the balance back to Ripple; (2) if Judge Torres provides the indicative ruling, the SEC and… — James K. Filan
The post Ripple Settles with SEC, Gets $75 Million Returned appeared on BitcoinEthereumNews.com.
Ripple has reached a settlement with the SEC, agreeing to pay $50 million of the initially proposed $125 million penalty. The remaining $75 million will be returned to the company. Both parties will drop their appeals if the court lifts the longstanding injunction against Ripple. Ripple Vs. SEC is Officially Over This marks the official end of one of the most prolonged legal disputes in the crypto sector. The case, filed during Gary Gensler’s tenure at the SEC, has been closely watched across the digital asset industry. Ripple, which has maintained financial stability throughout the legal proceedings, appears well-positioned to accelerate its growth. The resolution comes at a time when the company is benefiting from a regulatory environment that has shifted under President Trump’s administration. Next Steps: Judge Torres needs to provide an indicative ruling as to whether the Court would: (1) dissolve the injunction and release the escrow with $50 million going to the SEC and the balance back to Ripple; (2) if Judge Torres provides the indicative ruling, the SEC and… — James K. Filan
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