#XRP UPDATE ā MAJOR LEGAL BREAKTHROUGH
As of Wednesday, April 16, 2025, Ripple and the U.S. SEC have reached a principled agreement to resolve their years-long legal battle ā a potential game-changer for XRP and the broader crypto space.
Key Highlights of the Resolution:
SEC Drops Its Appeal:
The SEC has agreed to withdraw its appeal challenging the ruling that XRP is not classified as a security when sold on secondary markets to retail investors.
Ripple Withdraws Cross-Appeal:
In return, Ripple has agreed to drop its own cross-appeal.
Reduced Fine:
Ripple will pay a reduced penalty of $50 million, down from the original $125 million.
The remaining $75 million held in escrow will be returned to Ripple.
Injunction Lifted:
The SEC will request the court to lift the ācomply with the lawā injunction, meaning Ripple wonāt be required to register future token sales as securities by default.
Formal Closure in Sight:
The deal still requires final approval from SEC Commissioners and formal court documentation.
Both sides have asked to pause appeal proceedings while finalizing the settlement.
The SEC must submit a status update by June 9, 2025.
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What This Means:
SEC backs off the central XRP retail sales issue
Ripple walks away with a lighter penalty
One of the most high-profile crypto legal battles nears its end
The #XRPArmy has waited years for this moment ā and now, it's nearly here.
Stay tuned. The future of XRP just got a whole lot brighter.
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