SEC Ends Ripple Lawsuit: $75M Settlement Shakes XRP Market
The SEC Ripple lawsuit has just reached a pivotal turning point as the Securities and Exchange Commission recently filed a motion seeking court approval for a settlement with Ripple Labs. Under the proposed deal that’s currently being reviewed, Ripple would actually recover $75 million of the $125 million that was held in escrow, while the SEC would receive the remaining $50 million. Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China Ripple’s $75M SEC Settlement: What It Means for XRP and Crypto Regulation Source: Watcher Guru The SEC Ripple lawsuit settlement marks what appears to be the potential end to a legal battle that first began back in December 2020. As per the May 8 court filings that just came out, both parties now have agreed to withdraw their appeals and it’s virtually ending one of the most important and keenly followed cases in crypto regulation news. SEC Court Filing showing settlement motion – Source: SEC Commissioner’s...
