The Ripple vs. SEC case is nearing its end. Both parties have dropped their appeals, and the SEC will keep $50 million of the original $125 million fine, with the remaining amount to be returned to Ripple. The case is expected to officially close within 60 days, once the SEC Commission's vote and standard court procedures are completed.
Here's a breakdown of the expected timeline¹:
- SEC Commission's Vote: Expected within 30 days
- SEC Files to Lift Injunction: After the vote, the SEC will file to lift the injunction, which Ripple won't oppose
- Judge's Sign-off: After the SEC files, the judge will sign off, and the case will be officially closed, likely within 60 days
The outcome may set an important precedent for how regulators handle cryptocurrencies moving forward. Ripple's CEO, Brad Garlinghouse, has expressed optimism about an impending resolution, and the company's legal chief, Stuart Alderoty, has stated that the case is "100%, formally, legally, and spectacularly over" within 60 days.
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