📰 News Alert...

🔖 Title: Ripple Settles with SEC: A $50 Million Penalty and a Path Forward

🗓️ Published: 2025-03-25T22:31:19+02:00

📄 Summary: In a significant development for the cryptocurrency landscape, Ripple has agreed to pay a $50 million fine to the US Securities and Exchange Commission (SEC) and abandon its cross-appeal in an ongoing lawsuit. This settlement will facilitate the SEC's request to lift the injunction that currently prevents Ripple from selling its digital currency, XRP, to institutional investors. Ripple's chief legal officer, Stuart Alderoty, emphasized that this agreement marks a pivotal moment as the company seeks to navigate its regulatory challenges and enhance its market position.

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https://cryptoslate.com/ripple-agrees-to-pay-50m-fine-and-drop-cross-appeal-to-settle-sec-lawsuit/

🗞️ Source: CryptoSlate

💓 #Cryptocurrency #Ripple #SECSettlement