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Former U.S. Securities and Exchange Commission (SEC) official Marc Fagel has confirmed that the settlement payment from Ripple Labs to the agency is secured in cash and will not be paid using XRP tokens. The clarification refutes widespread social media rumors that the fine would be settled with XRP, a scenario that had raised concerns about potential market impact.
Fagel stated that the payment is held within an escrow account, eliminating any risk of XRP token transfers as part of the settlement. The news brought some clarity to the market, with the price of XRP rising 7%.
They’re not paying in XRP. It’s sitting in an escrow account in cash.
— Marc Fagel (@Marc_Fagel) June 22, 2025
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The misinformation surrounding Ripple’s payment method sparked concerns that the SEC fine could be paid in XRP tokens. Such a scenario raised questions about possible market impacts and regulatory outco…
The post Ripple to Settle SEC Fine in Cash, Not XRP, Former SEC Official Confirms appeared first on Coin Edition.
