SEC AND US GOVERNMENT TO GET $50 MILLION FROM RIPPLE EACH IN XRP!
Ripple is set to pay $50 million to the US government as part of a settlement with the Securities and Exchange Commission (SEC). According to Ripple CEO Brad Garlinghouse, the payment will likely be made in US dollars, not XRP. This development comes after the SEC dropped its lawsuit against Ripple, marking a significant milestone in the long-standing legal battle.
Key Details:
-Settlement Amount: Ripple will pay $50 million out of a $125 million fine, with the remaining balance returned.
Payment Method: Likely to be made in US dollars, according to Garlinghouse's hint.
SEC's Decision: The SEC has officially dropped its case against Ripple, concluding a lengthy legal battle.
XRP's Price Impact: XRP's price surged 14% to $2.55 after the news, with potential resistance levels at $2.70 and $3.05 .
Market Outlook:
XRP's Future: Analysts predict XRP could reach $5.50 by the end of 2025, driven by ETF approval, tokenization leadership, and institutional adoption.
Institutional Interest: The launch of Teucrium's 2x XRP ETF has seen strong demand, signaling rising institutional interest in XRP-related products .#SaylorBTCPurchase