Ripple and SEC settlement has a surprising new twist

SEC official slams Ripple deal, warns it weakens crypto enforcement, and sends the wrong message to bad actors.$XRP

On April 8, a proposed settlement between Ripple and the SEC was filed in the U.S. District Court as an indication that a legal conclusion was at hand. Under the settlement, Ripple would have paid $50 million to the SEC, and the remaining funds held in escrow — about $75 million — would have been returned to the company. The settlement still requires court approval to become final.