$XRP
Ripple has reached a settlement with the Securities and Exchange Commission and agreed to pay $50 million of the initially proposed $125 million penalty. The remaining $75 million will be returned to the company.
Both parties will drop their appeals if the court lifts the long-standing injunction against Ripple.
The dispute between Ripple and the Securities and Exchange Commission has officially ended.
This marks the official end of one of the protracted legal disputes in the cryptocurrency sector. The case, which was filed during Gary Gensler's tenure at the SEC, has been closely followed throughout the digital asset industry.
Ripple, which has maintained financial stability throughout the legal proceedings, is well-positioned to accelerate its growth.
The settlement comes at a time when the company is benefiting from a regulatory environment that has changed under President Trump’s administration.
Last month, Ripple acquired the major brokerage firm Hiden Road for a record amount of $1.2 billion. The company has also been in talks with Circle, the issuer of USDC, about a potential $5 billion acquisition.