Big news about Ripple vs SEC Case fell today XRP price is mostly flat $ 2.40 – $ 2.45.
Ripple agreed to pay a reduced fine 50 million dollars out of the original 125 million dollars The penalty given by the judge Analisa Torres last year. Remainder 75 million dollars Refund will be made to fluctuation from the escrow account.
The end of a long legal journey
Ripple’s Chief Law Officer Stuart Alderoty shared what the company believes will be the last update in the legal war with the securities and the stock market commission. The news comes after years of intense legal transactions that hold the crypto currency community on the edge.
The two sides have reached a mutual agreement to end their legal disputes. The SEC will leave his charm without any circumstances and Ripple agreed to withdraw his cross appeal. This means that both sides call a ceasefire in long -standing conflicts.
The last passage of the T’s and the staining of I’S – and what should be my last update in SEC V Ripple…
Last week, he agreed to leave the SEC objection unconditionally. @Ripple Now he agreed to quit his cross -appeal. The SEC will be fined 125 million dollars (already a…
– Stuart Alderoty (@s_alderoty) 25 March 2025
According to the terms of the agreement, the SEC will be fined the original $ 50 million of 125 million dollars. This money is already kept in an account that brings interest rates. The remaining $ 75 million will be returned to Ripple. In addition, the SEC will ask the court to remove the standard precautionary measure given to the company before.
What does this mean to the fluctuation and crypto industry?
The decision is not certain yet. Still requires approval from the SEC Commission, the preparation of final legal documents and standard court processes. However, the agreement represents a large turning point for Ripple, who has been struggling with SEC’s claims since 2020.
This case was more than a legal war for Ripple. It was a very important struggle for how the crypto currency should be classified and organized. The mutual agreement proposes a potential way for crypto companies wandering in complex regulatory environments.
For now, Alderoty seems to be relieved. The last tweet about the case – “This is all!” – It captures the feeling of closure after years of legal difficulties.
Read also: The expert foresees the XRP case winding: SEC will announce that it has reduced its objection
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