SEC AND U.S GOVERNMENT TO GET $50 MILLION FROM RIPPLE EACH IN XRP!

Ripple CEO Brad Garlinghouse revealed that the company will pay $50 million to the SEC and another $50 million to the US government as part of its settlement with the regulatory body. Interestingly, Ripple is negotiating to make these payments in XRP rather than US dollars.

This development is part of the $125 million fine imposed on Ripple, which the company had already set aside in escrow. Notably, Ripple will reclaim a significant portion of the funds, including interest accumulated during the escrow period.

Key Details:

Payment Structure: $50 million to the SEC and $50 million to the US government, potentially in XRP.

Fine Amount: $125 million, with a portion already set aside in escrow

Remaining Balance: After paying the SEC and US government, the remaining amount will be retained by Ripple, including interest

Garlinghouse's statement signals Ripple's confidence in XRP's long-term viability and potential role in global finance. This move could further integrate XRP into traditional financial systems, setting a precedent for digital assets in government and corporate transactions.#CanadaSOLETFLaunch