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The SEC vs. Ripple case has finally reached its conclusion. After nearly five years of legal battle, both parties have agreed to drop their appeals, bringing an end to the lawsuit. Here's what's happened so far.$
The Ruling : In July 2023, Judge Analisa Torres ruled that XRP is not a security when traded on public exchanges, but it is considered a security when sold to institutional investors. This ruling was a significant milestone in the case.
The Settlement : Recently, Ripple and the SEC reached a settlement agreement, where Ripple will pay a $50 million fine to the SEC, and the remaining $75 million from the $125 million escrow fund will be released back to Ripple.
Ripple CEO Brad Garlinghouse has hailed the SEC's decision to drop its appeal as a "milestone moment" for the entire industry, signaling a potential shift towards more constructive crypto regulation