The long -standing case against Ripple Labs of the Securities and Stock Exchange Commission (SEC) finally ended. Now official.
After returning legally for four years, he reduced the charm of prostrate and will settle only $ 50 million with Ripple and mark one of the most important victories in Crypto’s regulatory history.
Initially filed in December 2020, the case accused the company of collecting $ 1.3 billion through unregistered XRP sales. It has become a wider executive campaign against SEC’s crypto industry, and then high -profile cases against Coinbase, Kraken and others.
According to Ripple’s Chief Law Officer Stuart Alderoty, the SEC agreed to unconditionally reduce the appeal application last week. The company responded by leaving the cross appeal. In accordance with the terms of the agreement, the SEC will hold 50 million dollars from a 125 million dollars of penalties that brought interest rates.
The remaining $ 75 million will be returned to Ripple, waiting for the final court’s approval. SEC also promised to ask the court to take a long -standing precautionary decision against the company and to clear the way for the wider use of XRP in the US markets.
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
Ripple’s XRP keeps it constant as the market is calibrated again
The XRP rose by more than 10% in the first news, but since then it has stabilized around $ 2.47 with a market value of about $ 143 billion – which ran between the first five crypto currencies. While Ripple executives take a victory tour, the questions of XRP’s current valuation reflecting the adoption of the adoption in the real world, or whether it is still an intense narrative -oriented question continues.
The closure of this case reflects an important development in the SEC under the Trump administration, which takes more crypto stance. Ripple’s victory is combined with a crypto task force led by commissioner Hester Peirce, showing that SEC is now supporting the participation on the application.
Read More: Sec, regulatory reset the crypto task with tips in the tips started
