RIPPLE AND SEC HAVE FINALLY RESOLVED THE CONFLICT
Ripple has reached an agreement with the Securities and Exchange Commission (SEC). The price of XRP has risen by more than 6% in the last 24 hours!
The legal dispute between Ripple and the SEC is over. The project must pay a fine of $50 million. Initially, the amount was $125 million. The remaining $75 million will be returned to the crypto startup.
The court case between Ripple and the SEC, which lasted several years, is officially closed. This is a historic event for the cryptocurrency industry. Now, the crypto project, which has maintained financial stability throughout the dispute, is ready to accelerate its growth.
Even before the full resolution of the conflict, Ripple began actively expanding. This was mainly facilitated by the administration of Donald Trump. It was he who was supported by the crypto project during the presidential elections in the USA.
In the last 24 hours, the price of XRP has jumped by 6.2%. According to CoinMarketCap, at the time of writing this, the altcoin is trading at $2.31. The market capitalization of the asset is $136 billion — by this indicator, it ranks fourth among the largest cryptocurrencies.