Huge news about the issue of Ripple VS SEC decreased today as The price of the XRP is mostly fixed In a range of $ 2.40 – $ 2.45.
Ripple agreed to pay a reduced fine 50 million dollars Out of origin 125 million dollars A penalty imposed by Judge Angia Torres last year. residual 75 million dollars It will be returned to a ripple of the warranty account.
The end of a long legal journey
Stewart Aldouti, the chief legal official in Ribel, participated in what is believed to be the final update in the company’s legal battle with the Securities and Stock Exchange Committee. The news comes after years of intense legal procedures that kept the cryptocurrency community on the edge of the abyss.
The two parties reached a mutual agreement to end their legal disputes. SEC will drop its appeal without any conditions, and Ripple agreed to withdraw its appellant. This means that both sides are mainly called the truce in their long -term conflict.
The final crossing of T’s and Conging of I’s – and what should be my last update on SEC V Ripple at all …
Last week, SEC agreed to drop her appeal without conditions. @ripple He now agreed to drop her cross. SEC will keep a fine of $ 50 million from a fine of $ 125 million (already in …
Stewart Aldouti (S_alderoty) March 25, 2025
Under the settlement conditions, the Securities and Stock Exchange will retain $ 50 million from the original fine of $ 125 million. These funds are already kept in a warranty account that carries interest. The remaining $ 75 million will be returned to the Ripple. In addition, SEC will ask the court to raise the standard imposed on the company previously.
What does this mean for ripples and the encryption industry
The decision is not final. It still requires the approval of the Supreme Council of Education Committee, the formulation of final legal documents, and the standard court operations. However, the agreement represents a huge turning point for Ripple, which has been fighting SEC’s allegations since 2020.
This issue was more than just a legal battle for Ripple. It was a decisive battle on how to classify and organize the cryptocurrency. The mutual agreement indicates that there is a potential path forward for encryption companies that transmit complex regulatory environments.
Currently, Aldruti appears to be comfortable. His last tweet about the case – “This is all people!” It embodies the feeling of closure after years of legal challenges.
Also read: Experts predict the conclusion of a XRP lawsuit: Here when the Supreme Education Council announces the dropping of its attractiveness
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