The post Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a significant win for Ripple Labs and XRP, the company has reached a settlement with the US Securities and Exchange Commission (SEC) that will effectively conclude their prolonged legal battle.  Ending Prolonged Legal Battle As reported by Fox Journalist Eleanor Terret, Ripple has agreed to drop its appeal against the SEC and will pay a reduced fine of $50 million, down from the initially ordered $125 million. The SEC has also indicated its intention to ask Judge Torres to lift the ‘obey the law’ injunction that was previously imposed on the firm. The resolution of this case marks an end to a legal saga that began in 2020 when the SEC filed a lawsuit against Ripple, alleging that the company had conducted an unregistered securities offering through the sale of XRP.  According to Terret’s insights, the SEC-Ripple settlement means that, once finalized and voted on by the Commission, the case will be resolved, allowing the blockchain payment company to move forward. Despite the hefty legal fees, estimated to be between $150 million and $200 million, Ripple finds itself returning to a position similar to where it stood before the SEC’s lawsuit. The SEC, too, has presumably incurred significant costs in taxpayer dollars in its pursuit of the case. Ripple’s Legal Victory: Clarity For XRP The legal proceedings had adverse effects on XRP holders, as many exchanges such as Binance, eToro, and Coinbase opted to delist the token during the lawsuit, leading to a notable decline in its market value.  This uncertainty made other cryptocurrency projects wary of building their operations in the US, fearing potential legal repercussions from the Securities and Exchange Commission led at the time by Gary Gensler. As highlighted by Terret, critics have…

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Filed under: News - @ March 26, 2025 5:21 am