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06/28 15:21

Ripple Settles with SEC, Pays $125M Fine

Ripple Settles with SEC, Pays $125M Fineb1b66f8166b047179ae875b5f68600bd.jpeg

  • Ripple and SEC settle, stopping institutional XRP sales.
  • $125 million penalty agreed upon by Ripple.
  • Market clarity achieved, regulatory path clearer for Ripple.

Ripple has settled its legal dispute with the U.S. Securities and Exchange Commission (SEC), agreeing to pay a $125 million fine and discontinuing institutional XRP sales.

Ripple’s Settlement and Future Prospects

Ripple Labs Inc., a key player in digital payments, has reached an agreement with the SEC, concluding a long-standing lawsuit. CEO Brad Garlinghouse and CLO Stuart Alderoty confirmed the cessation of institutional XRP sales. Significant fines total $125 million.

The lawsuit began in 2020 over $1.3 billion in alleged unregistered securities sales. Ripple now ceases institutional sales, maintaining XRP is not a security for programmatic sales. Market sentiment has positively adjusted.

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