$XRP THE SEC AND RIPPLE ARE APPROACHING THE END

The SEC and Ripple have made a move! They have presented a joint motion to release 125 million dollars from an escrow account. This is a clear sign that the lengthy legal battle between them is coming to an end.

The lawsuit, which the SEC initiated in December 2020, is seeing its closure after four and a half years. Of that money, 50 million will go to the SEC as a civil penalty against Ripple. The remaining 75 million, if approved by the judge, will return to Ripple. The goal of this agreement is to prevent further appeals and save resources.

This case has been very important for how cryptocurrencies are regulated in the United States. Its formal resolution is a victory for the industry, which has managed to establish its legal legitimacy here. Ripple's CEO, Brad Garlinghouse, had already stated that the SEC's appeal would end in March 2025. It seems that will be the case.