๐จ Urgent: The U.S. Securities and Exchange Commission (SEC) and Ripple file a joint request to lift the court order in the ongoing case!
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โ๏ธ New Development:
Ripple and the SEC have filed a joint request with the court to lift the court order imposed on the company, in a move aimed at ending the legal dispute that has lasted for years.
The parties also proposed to split the civil penalty of $125 million, with the SEC receiving $50 million, while $75 million goes to Ripple.
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๐ Why is this important?
- This action could be a step towards a final settlement between the two parties
- It alleviates legal pressures on Ripple and returns some funds to the company
- It may impact the cryptocurrency market, especially for XRP investors
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๐ Market Implications:
- It could lead to an improvement in the price of XRP if the request is approved
- It opens the door for more regulatory clarity in the crypto market
- It may encourage financial institutions to reconsider their investments in Ripple
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โ Do you think this settlement will put an end to the dispute between Ripple and the SEC?
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