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Ripple and SEC Settle Final Terms in Landmark XRP Case
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its appeal against Ripple Labs without any conditions, while the company has simultaneously dropped its cross-appeal. As a result, the agency will request the court to lift an injunction placed on Ripple by the court earlier in proceedings.
In other words, both parties have reached a settlement and are willing to put this lengthy legal battle behind them. This development effectively marks the end of one of the most significant crypto enforcement actions to date.
For Ripple, this outcome constitutes vindication after years of legal wrangling, as they will recover most of the $125 million originally proposed penalty.
Source: https://fullycrypto.com/ripple-and-sec-settle-final-terms-in-landmark-xrp-case?utm_source=rss&utm_medium=rss&utm_campaign=ripple-and-sec-settle-final-terms-in-landmark-xrp-case
