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Bitworld11

07/17 12:10

XRP Lawsuit: Ex-SEC Attorney Gives Update About Ri

XRP Lawsuit: Ex-SEC Attorney Gives Update About Ripple Fine Payment7ec64035ceaa4c718dea1af8585cc3de.webp

  • Marc Fagel confirms Ripple fine was paid strictly in cash.
  • XRP community speculation debunked amid ongoing lawsuit developments.
  • Court order demanded cash, not crypto, for the Ripple settlement.

Former SEC attorney Marc Fagel has clarified a key detail in the ongoing Ripple vs SEC lawsuit, countering recent speculation within the XRP community. According to Fagel, Ripple has already paid its $125 million fine in cash, not in XRP as some had claimed.

The conversation began after social media users reignited the idea that Ripple could use its native token, XRP, to settle the penalty. A user known as “XRP Savant” suggested that Ripple might pay the SEC using XRP, and that the asset would be moved into reserve following the transaction.
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