🚨 SEC & RIPPLE WRAP UP LANDMARK XRP CASE! 🚨
🔹 $XRP Price:
🔹 Key Takeaways:
• Escrow Release Motion: SEC and Ripple jointly moved to dissolve the injunction and distribute $125 M in escrow—$50 M to the SEC as a civil penalty and $75 M returned to Ripple, pending Judge Torres’s approval
• 2023 Ruling Recap: In July 2023, Judge Analisa Torres ruled that secondary XRP sales on public exchanges aren’t securities, but found Ripple’s institutional offerings did violate securities laws, leading to the $125 M penalty in August 2024
• Appeal Status: The SEC dropped its appeal in March 2025, and Ripple agreed to withdraw its cross appeal—both moves paused ongoing litigation and paved the way for this final settlement push
• Industry Implications: This motion represents a symbolic victory for crypto legal clarity in the U.S., though Judge Torres emphasized it sets no broad precedent beyond XRP’s unique facts #TrumpTariffs
• What’s Next?: A status report is due by June 15 in the Second Circuit. If approved, funds will be released and the nearly five-year case will formally conclude—potentially by mid summer #CryptoRoundTableRemarks
💬 Your Play: Is this a win for regulatory certainty (“🏛️”) or does it reveal crypto’s continued reliance on court battles (“🔓”)? Drop your pick & tag @FaisalCrypto007 !@CZ @Richard Teng
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