#BinanceAlphaAlert
The Chief Legal Officer of Ripple announced today that the XRP lawsuit with the SEC is nearing its final legal phase. The SEC will retain $50 million of the previous $125 million penalty and return the rest to Ripple.
Most importantly, Ripple may be able to offer XRP tokens to institutional investors, which could affect market liquidity and the chances of ETF approval.
The final chapter of Ripple vs. the Securities and Exchange Commission
Ripple's lawsuit against the SEC has been one of the most significant cryptocurrency enforcement actions during Gary Gensler's tenure as chairman, and the final questions are being answered.
Last week, the commission officially dropped its lawsuit, signaling the end of an era. Now, Ripple's Chief Legal Officer presents "what should be [his] last update ever" on the case.
