Ripple Labs and the SEC go to the end đđ
They have reached a $50 million settlement, ending their years-long legal dispute (pending judge approval).
- Ripple was fined $125 million last year for violating securities laws with XRP sales to institutional investors, but not retail listings.
- The $50M settlement is a fraction of the original fine, much lower than the SECâs $2 billion request.
-> Following the announcement, $XRP surged 9%. A shift in SEC leadership is likely influencing this change in approach to crypto.
