🤝 Ripple and SEC Reach Settlement!
#Ripple and the #SEC have reached a settlement agreement, as revealed in their joint letter to the U.S. District Court in New York. 📩
The two parties are requesting an indicative ruling to lift the court's restrictions on Ripple and release $125 million in funds for civil penalties. 💵
As part of the settlement, Ripple will pay $50 million to the SEC, while the remaining funds will be returned to the company.
The case, which has been ongoing for some time, now seems to be heading toward a resolution. 👏
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