BeInCrypto Brasil
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SEC returns $75 million to Ripple with the end of the XRP case
Ripple's legal director announced today that the lawsuit involving XRP and the SEC is entering its final phase. The agency will keep $50 million from the previous $125 million fine and return the rest to the company.
Most importantly, the company will likely be able to offer XRP tokens to institutional investors, which could impact market liquidity and the chances of ETF approval.
A final chapter for Ripple vs. SEC
The Ripple vs SEC case was one of the most significant regulatory actions during Gary Gensler's tenure as chair of the agency, and the final issues are being resolved.
Most importantly, the company will likely be able to offer XRP tokens to institutional investors, which could impact market liquidity and the chances of ETF approval.
A final chapter for Ripple vs. SEC
The Ripple vs SEC case was one of the most significant regulatory actions during Gary Gensler's tenure as chair of the agency, and the final issues are being resolved.
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