#SECGuidance #SECGuidance
As of today, Saturday, April 12, 2025, the case of the U.S. Securities and Exchange Commission (SEC) against Ripple and its digital currency XRP has seen significant developments.
Withdrawal of Appeal: Ripple agreed to withdraw its appeal against the SEC, resulting in a reduction of the fine from $125 million to $50 million.
Approaching Final Settlement: Reports indicate that the case is nearing its conclusion, with expectations of a settlement in the coming months.
Impact on XRP Price: The XRP currency recorded gains of 2% following rumors that the company is close to reaching an agreement with the SEC, reflecting investors' optimism about the end of the case.
Overall, these developments suggest that the legal dispute between Ripple and the SEC is nearing its end, which may open the door for Ripple to expand its operations and strengthen XRP's position in the digital currency market.