Ripple Settles SEC Lawsuit, Paying $50 Million to Resolve Securities Allegations
The settlement will resolve one of the most closely watched crypto-related legal battles, though it still awaits final approval from both the SEC and the presiding judge.
XRP Legal Battle Takes a Positive Turn for Ripple
The SEC dropped its appeal of a July 2023 court ruling which determined that Ripples sales of XRP on public exchanges did not constitute the sale of unregistered securities. This victory for Ripple shifts the legal landscape, and the company has now decided to end its remaining appeal concerning institutional sales of XRP.
Shifting Regulatory Landscape Signals a More Crypto-Friendly SEC
The Ripple case is part of a broader change in how the SEC approaches crypto regulations. The agency has dropped lawsuits against major exchanges like Coinbase and Kraken and is now considering resolutions for cases involving high-profile figures such as Justin Sun. This shift coincides with the nomination of Paul Atkins, a crypto-friendly lawyer, to lead the SEC, marking a potential turning point in the agencys approach to cryptocurrency oversight.
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