The legal dispute between Ripple and the SEC is officially over
Ripple has agreed to pay a $50 million fine, and $75 million of blocked funds will be returned to the company. Importantly, programmatic sales of XRP remain non-securities, so Ripple can now operate without legal hurdles.
📈 Following the news of the case's conclusion, XRP surged in price by 11%, and trading volumes increased to $9.54 billion.
✍️ This decision paves the way for Ripple to grow its business without ongoing litigation and may impact cryptocurrency market regulation as a whole.