$XRP May 8, 2025, may go down in history as the day when XRP regained its long-awaited freedom! The U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. jointly filed a letter in the United States District Court for the Southern District of New York, formally requesting a ruling indicating the conclusion of the settlement process in a years-long dispute. As a result, the XRP/USD rate is rising from a local bottom by 10%, breaking the round mark of 2.30 USD.

According to the content of the joint request, Ripple agreed to pay 50 million dollars from the initially imposed fine of 125 million dollars, which was imposed by Judge Analisa Torres in August 2024. The remaining amount will be returned to Ripple. Additionally, the SEC agreed to the request to lift the court injunction that previously restricted the operations of the innovative company.

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